Growth in electricity generation over the last 25 years:
China: 6000%
USA: ~0%
A reminder that electricity generation is actually a good indicator of real (productive) economic growth as opposed to fake growth through financial sleight of hand.
Growth in electricity generation over the last 25 years:
China: 6000%
USA: ~0%
A reminder that electricity generation is actually a good indicator of real (productive) economic growth as opposed to fake growth through financial sleight of hand.
Electricity is used in industry. American industry simply is not growing
This is true. Our industry is not growing. But according to that graph, since the US is using half the electricity of China, and China has four and a quarter times as many people. On a per person basis, the United States is still using twice as much electricity per person as China is.
The United States chose their industry. They build military. China is actually manufacturing things, not just for themselves, but for the world. I’m happy to see that China continues to grow and I’m happy to see more Belt and Road initiatives spreading.