Re:The Decline of the U.S. Machine-Tool Industry and Prospec...
by ta20240528 on Wednesday April 09, 2025 @01:00PM
(#43634463)
GDP per capita is also a lot larger because the USA has convinced the rest of us into thinking hedonic and imputed GDP is real.
Re:The Decline of the U.S. Machine-Tool Industry and Prospec...
by cmrdporcupine on Wednesday April 09, 2025 @01:21PM
(#43634719)
The GDP per capita comparison talking point keeps getting brought up as "why Canada is an economic failure" -- frustrating because it really isn't a good analysis.
It's completely backwards from how people usually perceive empires. And from what it is. Which is a projection of power to ensure the supremacy of American capital interests.
Which is why US GDP per capita etc is incredibly high compared to the rest of the G7. It's not because they're smarter or better than the rest of us. It's because they've built the world order around themselves. By, as you say, exporting that military protection.
The US exports military dominance, and it gets paid in having its currency, regulatory needs / environment, etc. dominate almost everywhere.
(Whether this actually benefits the regular American worker vs its own wealthy business class is a whole other discussion, and may explain why this has become such a fertile ground for rage and frustration among Americans)