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A 400-year story of progress – How America became the world’s biggest economy

economist.com

31–40 of 252 posts

Re: A 400-year story of progress – How America became the world’s biggest economy

#31
post #19

Given that 400+ years of growth has got us into a position where the likelihood is that the planet will be unable to sustain human life within a few hundred years, I'd be curious to find out what future historians will make of the West's supposedly proud story of progress. In the end, would we all have been better sticking with the Native American way of life? Benjamin Franklin: “When white persons of either sex have…

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Re: A 400-year story of progress – How America became the world’s biggest economy

#32
post #19

Given that 400+ years of growth has got us into a position where the likelihood is that the planet will be unable to sustain human life within a few hundred years, I'd be curious to find out what future historians will make of the West's supposedly proud story of progress. In the end, would we all have been better sticking with the Native American way of life? Benjamin Franklin: “When white persons of either sex have…

Not only that but on the cultural side of things, look how quickly Trump farcical politics and neo nazi grouped resurfaced. Was the 20th century western world a bubble ?

ps: where was that Franklin quote from ?

Re: A 400-year story of progress – How America became the world’s biggest economy

#33
post #19

Given that 400+ years of growth has got us into a position where the likelihood is that the planet will be unable to sustain human life within a few hundred years, I'd be curious to find out what future historians will make of the West's supposedly proud story of progress. In the end, would we all have been better sticking with the Native American way of life? Benjamin Franklin: “When white persons of either sex have…

Pretty sure that was before modern medicine. /s

Re: A 400-year story of progress – How America became the world’s biggest economy

#34
Let's call it as it is, an entire continent was usurped, a gigantic fertile landmass rich in resources was stolen along with unlimited slave labour and IP from Europe. The consequence is predictable.

Using jingoism to spin this into some sort of exceptionalism celebrates the loot and plunder without a hint of self consciousness or remorse, and cements a barbaric ideology that fuels more indiscriminate global plunder in the Middle East, Latin America and Africa.

Re: A 400-year story of progress – How America became the world’s biggest economy

#35
post #31
post #19

Given that 400+ years of growth has got us into a position where the likelihood is that the planet will be unable to sustain human life within a few hundred years, I'd be curious to find out what future historians will make of the West's supposedly proud story of progress. In the end, would we all have been better sticking with the Native American way of life? Benjamin Franklin: “When white persons of either sex have…

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Re: A 400-year story of progress – How America became the world’s biggest economy

#36
post #23

The review implies the people and culture caused economic growth. I'd say they resulted from it, which resulted from two oceans and friendly neighbors that make the country difficult to invade, fertile soil, lots of natural resources.

Your conditions are necessary but not sufficient, I would say, considering the history of Brazil.

Re: A 400-year story of progress – How America became the world’s biggest economy

#37
post #34

Let's call it as it is, an entire continent was usurped, a gigantic fertile landmass rich in resources was stolen along with unlimited slave labour and IP from Europe. The consequence is predictable. Using jingoism to spin this into some sort of exceptionalism celebrates the loot and plunder without a hint of self consciousness or remorse, and cements a barbaric ideology that fuels more indiscriminate global plunder…

You sound bitter. Find a society without historical sin and then we can talk. You went off on some tangent about jingoism without explaining where the book supports that. Did you read the book or the review or did you just want to rant?

Re: A 400-year story of progress – How America became the world’s biggest economy

#38
post #27

Earlier quoted context omitted.

The US has the biggest national economy in the world. It has a central government than can wield that economic power for its own purposes. The EU as a singular entity can do relatively little with its members' wealth, which is why measures of that wealth aren't very meaningful. It's like saying that Asia has the biggest economy in the world. Well yeah, but large chunks of that economy are segregated from one another…

> Well yeah, but large chunks of that economy are segregated from one another along national boundaries. Except with a customs union, shared currency and free movement.

Exactly. The EU is actually closer to the federalist vision of what the U.S. should be than the U.S. actually is.

Re: A 400-year story of progress – How America became the world’s biggest economy

#39
post #9

Earlier quoted context omitted.

The EU in many ways acts like one big economy due to its customs union, freedom of movement of workers, capital, goods and services, extensive harmonised regulations, partially harmonised taxation, wealth transfers between members, a common currency to a substantial part of it, etc. It is a lot more tightly integrated than some mere 28 member free trade area would be, although still not as tightly integrated as say t…

And still the obvious fact remains: 1 country versus 28 separate countries. The UK voted to break off. France came dangerously close to heading down that path with Le Pen. Greece's government might not want to, but the people would be on board for the same. Potentially Germany when they get tired of carrying the rest of the EU (especially after UK) on it's back can all leave whenever they want -- they just need to vo…

America's states and the EU its countries are very comparable, speaking in terms of economic size. Why do Americans always feel so attacked and start to bring contorted justifications when they aren't #1 in something..?

Re: A 400-year story of progress – How America became the world’s biggest economy

#40
post #10

No mention of an incredibly wealthy continent, both in mineral and agricultural terms (and a temperate climate), that was largely seized by killing the people who owned it and taking their stuff. No mention of the Louisiana Purchase. without which 'Manifest Destiny' would never have occurred, nor the Mexican-American war which added Texas and California, two of the engine-rooms of American wealth today. No mention of…

Well, this is a one column review of a book that's 576 pages. :)

Given the significance of the items I mentioned, if the book does cover it in sufficient detail, the review should have at least hinted at it.
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