common China W.
Edited title to reflect the meaning of the source, Indonesia in 2023 is under both Germany and Russia, the rest remain in order.
i don’t think china’s nominal gdp is surpassing the us’s in only 1 year.
GDP PPP, the source left that out. And they already have some years ago, in 2016.
china’s ppp surpassed the us in 2014, yes. nominal, if it happens, is projected at around 2028 or later.
sure. but gdp in USD is not going to be so relevant if the USA isnt the number one economy.
why not? the us economy will still be a significant portion of the size of china’s.
USA will always be globally relevant because it’s huge country with a lot of resources and potential (at least if it won’t break at some point), but if the dollar stops being the global reserve currency they will lose a lot, since something like 70% dollars in circulation are overseas - significant portion of that will come back, and it wil devalue like crazy pushing them into crisis spiral for years up to decades. Also significant portion of their economy is renter economy and financial bubbles. In real economy USA is much weaker than GDP suggest.
Massive Euro L
Honestly I feel like we (Euros) have had nothing but Ls since 1990. Though maybe I’m just not looking at the bigger picture.
No, you’re right. At the beginning of 90’s eurolibs and succdems seen things more or less as Chomsky did, that the breaking of USSR would free them from the arms race, lesser the pressure from USA, further the integration, and allow to grab, as some even optimistically called “an euro century”. Little they did know their “sworn enemy” USSR was the thing keeping them relevant and needed by the empire. What follows are 30 years of slow decline.
Silly buggers, not one of them got what Marx and Lenin wanted to say.
