What do the numbers on the y-axis mean (x times as much)? Also is this relative to the world average at the time or relative to the current world average?
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At the time
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this chart explains it all really.
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Wouldn't it be more accurate to say this shows rise of the third world?
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Over the past 50 years, the U.S. share of global corporate profit has been in a free fall. It will take a small miracle to make America great again. http://bnarchives.yorku.ca/630/ pic.twitter.com/tTPT2lHBsw
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The drop in energy consumption also happened after the fall of the USSR, but my God, how good it was for the environment and stopping global warming. All that remains is to figure out how to stop China and mankind will have a chance to survive.
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Make America Great Again = Consume and subordinate a preposterous amount of energy and resources for the lucky few who gain such luxury by birthright.
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Nice figure. But don't get it. How exactly is being energy efficient a defining sign of decline?
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The graph is independent of energy efficiency because it shows US use as a multiple of global average use. Energy efficiency should affect both US and global usage by roughly the same. So efficiency cancels out because it appears in numerator and denominator of the calculation.
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Now do China.
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