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A comment on Inside a Heist of American Chip Designs, as China Bids for Tech Power. Parent comment
Industrial revolution works even better if all prevailing exporters all of a sudden fall off a cliff.
"Mean reversion", word of the century.
Interesting bonus fact for economic historians, in 1890, 30% of Britain's GDP was illegal opium smuggling to China.
Would be interesting to see the numbers for the USA (by some accounts, the biggest exporter by that point)...
Courtesy of Aaron Swartz: https://www.jstor.org/stable/3112527
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Industrial revolution works even better if all prevailing exporters all of a sudden fall off a cliff.
"Mean reversion", word of the century.
Interesting bonus fact for economic historians, in 1890, 30% of Britain's GDP was illegal opium smuggling to China.
Would be interesting to see the numbers for the USA (by some accounts, the biggest exporter by that point)...
Courtesy of Aaron Swartz: https://www.jstor.org/stable/3112527