Saying 150 years is pretty silly... let's remember that John D. Rockefeller was the richest person in the world in the 1910s and 1920s (and responsible for 1.5% of US GDP by himself) through oil extraction.
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Originally posted by Imran Siddiqui View PostSaying 150 years is pretty silly... let's remember that John D. Rockefeller was the richest person in the world in the 1910s and 1920s (and responsible for 1.5% of US GDP by himself) through oil extraction."I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburger
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Originally posted by Felch View PostThat's exactly what the OP was about. Americans have pretty much everything they need, and the difference between rich and poor is more a matter of relative luxury than having food and shelter. Here's an old Economist piece about a poor American redneck and a Congolese doctor. They have similar income, but the redneck benefits from living stupidly in a rich country, while the doctor is owed months of back pay, and has to help support an extended family.
I just thought that bit was ****ing hilarious.“As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
"Capitalism ho!"
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Originally posted by Imran Siddiqui View PostI think his point was that the resources & land allowed for a substantial base for the US economy to become rapidly industrialized.“As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
"Capitalism ho!"
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Originally posted by DaShi View PostAnd rapidly militarize."I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburger
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Originally posted by Guynemer View PostOh honey.
Come work with me for a day if you think we have an almost-classless society.
Is it better than India? Sure, no denying that.You just wasted six ... no, seven ... seconds of your life reading this sentence.
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Originally posted by Hauldren Collider View PostNorway's GDP is entirely because of oil revenue.
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HC is the only one being reasonable here. Norway exports 20% of its GDP in the form of petroleum products. Any comparison which equates this with the US economy of the 20th century is idiotic.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Originally posted by KrazyHorse View PostHC is the only one being reasonable here. Norway exports 20% of its GDP in the form of petroleum products. Any comparison which equates this with the US economy of the 20th century is idiotic.
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In a percentage of GDP terms? Absolutely.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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If the EU was in NA with the unexploited resources we conquered, we'd likely see a much different wealth distribution. And likely they would have developed more like we did, and we more like they did. Incentive is higher when the tide is higher and has raised more boats. So yah, it makes sense that those who are on the biggest pile of natural resources in the world would work a bit harder at extracting it and making it into things to sell than those who have to work harder to get less.
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Watching you twist to try to make this reasonable is entertaining.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Originally posted by KrazyHorse View PostHC is the only one being reasonable here. Norway exports 20% of its GDP in the form of petroleum products. Any comparison which equates this with the US economy of the 20th century is idiotic.Click here if you're having trouble sleeping.
"We confess our little faults to persuade people that we have no large ones." - François de La Rochefoucauld
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