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i suspect you’re right - there would be both an immediate impact, and then a lasting, compounding impact of the US being in the strongest position after WW2
But, I want to say it is that coupled with relatively free markets. I know many here do not like the stock market. I agree that it is rigged but stock markets serve a function in a free market and are a sign of how free a market actually is.
- World wars
- Computers and Internet invented and companies founded in the us
edit: "invented" is debatable for sure but you know what I mean. In their current form.
Yep, for sure. I think Japan is interesting though. What explains Japan as they were a loser but grew in prosperity?
All of these countries grew their economies by orders of magnitudes!
Therefore, the difference between what the uk or japan did in these 125 years isn't that big even if it looks like big in the zero-sum pie charts.
Japan was like player no.2 in using computers and internet to grow their economies. I think that supports my suggestion here.
Yeah, I don't know but that makes sense.
The question is why.
I think it is dumb to ignore both world wars and the relative impact on the nations in these charts. But I wonder how much of the differences can be explained by that alone.