Comment by theevilsharpie
8 hours ago
> We used to do that too from the late 1930's to the late 1970's, which is why we were the dominant industrial power in the world at that time as well.
I think there's another world event that happened in that time span that might better explain America's world-wide industrial dominance.
You're confusing cause and effect.
No, they're not.
Europe was devastated and bankrupt. Asia was devastated and bankrupt.
The US mainland was untouched. It had a massive leg up against the competition.
> explain America's world-wide industrial dominance.
> Europe was devastated and bankrupt. Asia was devastated and bankrupt.
Well yeah. Because America's world wide industrial dominance soundly beat the shit out of everyone, due to deployment of a highly successful industrial policy.
Imagine if we needed to rapidly step up industrial output tomorrow to fight another global war and China was on the other side. How do you think it would go?
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