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This chart is called REVERSION TO THE MEAN.
Here’s a macro-historic analysis of China’s economy as a percentage of global GDP over the last 2000 years. Data from the Madison Project.
Here’s a macro-historic analysis of China’s economy as a percentage of global GDP over the last 2000 years. Data from the Madison Project.
2/ Note that China has been the world’s largest economy, or second largest, for thousands of years. This is the norm. During the last 180 years there’s been a blip, and now a reversion to the mean.
3/ The obvious question, what’s this blip? America!! You’ve already heard the story about innovation, freedom, democracy, liberalism, and how this unicorn society propelled itself into the heavens all by itself.
Here’s the part excluded from Western history books…
Here’s the part excluded from Western history books…
