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0 sats \ 0 replies \ @Solomonsatoshi 17 Nov \ on: Growth of global GDP per cap has been remarkably steady over the past 3 decades econ
Since 1990 Chinas GDP/capita has increased 1200%.
https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=CN
Over the same time frame US GDP/capita has increased 67%.
https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=US
The mixed economy in China with strong state leadership and investment in strategic economic multipliers like electricity generation, education and energy efficiency is trouncing the crony capitalist neoliberalised financialised west.
On current trends the global dominance, wealth and hegemony of western civilisation will end within the next decade.
USA cannot fight a war of any size without rare earths.
USA cannot even defend itself and its tribute states without rare earths.
USA is dependent upon China for rare earths and a whole fuck of a lot of other strategic supply chains.
The neoliberal Libertarian hype about free markets fixing everything is proven wrong.
Government is a significant factor in the wealth of nations.