Video Illustrates The Jockeying Of Nations For The Top 10 GDPs: 1960 To Present

Submitted by: holygod 2 weeks ago in News & Politics Science
I was sorta blown away by how big America's lead was at the beginning of this: 40% higher than the other 9 countries combined. Also: China is having a nice 2000s. --HolyGod.

There are 10 comments:
Male 18,342
Jeez, at one point I thought my team (UK) was going to get relegated, but we pushed back up the rankings and stayed ahead of India.
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Male 258
interesting at the end when china is gaining on us fast, the american corporations had basically abandoned us after the recession, handing all that wealth to china just for stock growth, even tho it totally fucked most of the us citizens over hard. no wonder our politics are so crazy right now
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76
jarred If only it was that simple. Watch the projected video that follows to see where the trend goes as India and China's working and middle classes rise.

It has almost nothing to do with companies leaving.

It has to do with a MASSIVE increase in consumers that were previously non-existent. It's a product of the modern age. Trumpflakes would have you think it's corporations leaving. Manufacturing etc still had a massive presence in the east from where this data begins.

But we want our iPhones cheap don't we? Our tvs at slave labor wages. Right? 

Tax cuts to trillionaires and billionaires, the destruction of the middle class and turning the working class into a class living below the poverty line means less consumers and consumer dollars powering the economy.

Wealth distribution funneling to the top baby. While in China and India, we are witnessing the birth of a consumer class that is boosting the economy almost exponentially.  
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Male 18,342
jarred that's a pretty good assessment, yes.
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Male 1,094
hmmm...  my first thought was that your definition of captivating and mine must be very different, but I kept watching and actually found myself captivated.
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Male 9,289
cjeffblanchr Well, I'm the one who wrote the subtitle, so that particular choice of word was my own, for better or worse. I hope I didn't oversell the video; I know for me, the word captivating was the honest truth.

Boy, did the Germans come out of nowhere in 1970 or what? They suddenly appear on the chart in the #2 spot. It took them 25 years, basically one generation, to rebuild their country from the rubble of World War 2, but once the parts were in place, that economy took off.

I also thought it was fascinating to see Japan come on strong in the '80s (if you'll remember, there was story after story in the media at the time, sounding alarms about the amount of U.S. real estate the Japanese were buying). Then it was interesting to see Russia fall off the chart in the 1990s (spurring a nationalistic backlash that Putin's been riding ever since). Lastly, the way China takes off as an unstoppable force in the last decade makes me wonder if a clash between the U.S. and China is inevitable; they're the first country to really challenge the U.S.'s economic hegemony.

There are so many things that can be better understood by viewing this video. In terms or presenting information in a clear and compelling fashion, it scores a home run.
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76
squrlz4ever China is already ahead of the US if you measure GDP via the Purchasing Power Parity (PPP) method. 

In the next couple of decades we will see India and China inevitably begin to leave the US behind.
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Male 9,289
todd_dirks Interesting. Thanks, Todd.
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Male 18,342
squrlz4ever while we were paying our war debt to the US, America was pumping money into West Germany and Japan to keep them capitalist.
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Male 9,289
Draculya Yes; good observations, as usual. Thanks, Drac.
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