• JucheBot1988
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    2 years ago

    It may already be outperforming the United States, if we look at the two economies in terms of real production and not GDP (which doesn’t distinguish well between actual wealth creation and wealth created through debt)

    • ☆ Yσɠƚԋσʂ ☆OP
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      2 years ago

      For sure, and there was an interesting interview with Emmanuel Todd about this recently, this bit from the interview is pretty interesting in particular:

      Despite the US being twice as populated as Russia, Todd said, only 7% of American students focus on engineering, compared to 25% in Russia. “The US fills the gap with foreign students, but they’re mainly Indians and even more Chinese,” he went on, “It is a dilemma of the American economy: it can only face competition from China by importing skilled Chinese labour.”

      https://unherd.com/thepost/emmanuel-todd-world-war-iii-has-already-begun/