The US overtook the UK as GDP leader in 1880. We better hope the US doesn't stagnate the way the UK did. http://goo.gl/ybWiwo
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@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.
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@paulg Sure, but British productivity only became a problem in the 1960s. Almost a century after it was no longer largest. -
@BenedictEvans@paulg postwar socialism. Punitive tax rates. We pretend to work, they pretend to pay us etc. Military lasted longer than civ
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@paulg My point is, US overtook UK because it industrialised too, and had far more people, not because of stagnation, inefficiency etc -
@BenedictEvans@paulg And land, and oil, and two moats the size of oceans.
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@paulg@BenedictEvans you have to remember that after WWII the UK was held back by the debt from that war http://news.bbc.co.uk/2/hi/6215847.stm …Thanks. Twitter will use this to make your timeline better. UndoUndo
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