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

economist.com

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

#51
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…

So why didn't it happen in South America?

[deleted]

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

#52
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…

The sweet smell of presentism. You can perhaps fault the US for the interlude between British outlawing of slavery and the civil war/abolition, which covers a few decades. But you can't seriously claim that slavery wasn't the global norm in the 17th and 18th centuries. It certainly wasn't "unlimited." Onto the next bit, "stolen...IP from Europe" is a modern characterization of what was in fact a healthy exchange of research and invention between the Old and New World. Much perceived "theft" was fueled by reactionary governments making the US a more appealing locale for the learned.

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

#53

Honest question: How much of it is thanks to the US being far away and largely untouched by all the wars in Europe, especially WW2, while still ostensibly profiting from them? And then being the ones to end it with the strongest display of force?

None of it, technically. The U.S. became "the world's largest economy" before WW1.

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

#54
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…

Let me guess, you didn't actually bother to read the book. It's kind of sad that this comment is the top comment.

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

#57
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…

Aren't you just describing world history, where tribes/peoples have replaced other ones many many times over?

tbh, and not trying to dismiss USA in anyway. I find their situation in time and space pretty exceptional. They had no aggressive neighbors and half a continent. At a time where new knowledge was popping out, having such a playground was very timely.

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

#58
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…

So why didn't it happen in South America?

Climate is different for once. I'm curious about the parallel history lines though.

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

#59
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…

(No idea what the article says - I've apparently reached my article limit)

How on earth can you describe a landmass as stolen or a continent as usurped?

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

#60
post #7
post #2

When will this myth stop? Until the UK has left, the EU is the biggest economy in the world, not the US. Edit: damn, hit a painful nerve here apparently. For the tired old '28 countries vs 1 country', America its states and the EU its countries are very comparable in economic size.

I guess the distinction is that the US is a single country? Also, it seems there is a notable body of work out detailing the shortcomings of the US economy. At least in the US, it is thoroughly documented. Maybe, because the general consensus is that the US is doing so poorly, this piece meant as a simple reminder to Americans that we are not completely doomed.

A bit of googling and it's really unsatisfying to try to get a clear answer to this question. I think you're right the US "wins," just... that may not mean anything.

One might argue the country distinction is a bit arbitrary and look for regions with the highest per capita GDP.

It looks like Washington, D.C., USA dominates that list. Then the Eastern Province in Saudi Arabia, then the Canton of Zurich.[0]

That top 20 contains 7 US regions ("political subdivisions"). Also in the top 20: Denmark, Sweden, Germany, Ireland, and France for the EU. Schengen members Norway and Switzerland would bring it up to seven. I don't know if we're comparing "Europe" or pretending that Norway and Switzerland are radically distinct from the rest of Europe by historical accident. Yet if we go that far then maybe Canada earns a point to the US.

Another odd thing, DC's incredibly high per capita GDP is odd, the area doesn't feel particularly rich. Home prices reflect it, I guess. But many places in California seem nicer. Hell, many places in Ohio seem nicer. I have a sneaking suspicion the numbers are skewed by lobbyists or businesses supporting government that don't impact the local area as directly. Or commuters who really live (and spend) in other areas. It's like saying Delaware is full of companies. Well, on paper, yeah... but it's not some bustling Trantor where corporate skyscrapers block out the sun.

Maybe we should be comparing median regions? Or judge governments by how well off their worst regions are? Would you rather visit the rural south or in the Balkans? Where would you rather live for a year or two?

I'm skeptical about comparing such sprawling areas, I'm not sure it tells us much about the world.

On the other hand I'm not going to be offended if someone refers to a region as the wealthiest in the world as a rhetorical device, they were just endorsing an economic history about the US, they're going to say it's important, which seems at the very least worth granting for the sake of argument.

[0] https://en.wikipedia.org/wiki/List_of_country_subdivisions_b...

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