@paulg @BrettArends the UK didn't stagnate. It just had fewer people
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@BenedictEvans No. What happened to the British aircraft and computer industries was not a consequence of being a smaller country. -
@paulg they only fell behind 75 years later. UK aviation was cutting edge into the 1950s, competing maybe longer -
@BenedictEvans Cutting edge technically. Not economically. That was the problem. -
@paulg My point is, US overtook UK because it industrialised too, and had far more people, not because of stagnation, inefficiency etc -
1895-1950, the US was anywhere from two to four times as productive as the UK http://www.ggdc.net/maddison/maddison-project/conferences/2010-11/maddison_conference_nov2010_woltjer_dejong.pdf …
@BenedictEvans@paulg
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@paulg Not a coincidence that this is the same time that the US population overtook the UK population.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@BenedictEvans in inflation adjusted terms I think both us and uk gdp/capita are up ~3x since 1950 or so.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@BrettArends Corollary: Entrepreneurs need to have a China strategy earlier and earlier, if not China first.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg what do you define as stagnate?! per capita figures would help the comparison here!!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg that is a meaningless statistic, it only ends up talking about the size of the country, not the productivity of its people.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg the U.S needs to get rid of laws giving tax breaks to those establishing businesses elsewhere,no?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@anishmohammed I would be surprised if 80%+ of the US declared independence from the remainder! -
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@rob_knight:@paulg@anishmohammed I would be surprised if 80%+ of the US declared independence from the remainder!” <don't know to comment
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@paulg Ha. But China may have same adv v US as US did re UK, no legacy infrastructure from earlier wave of industrialisation. -
@maxrothbarth I'd say the new ruling class defending status quo is the bigger stop to further growth, not legacy infrastructure@paulg
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