Birthing Pains for a Multipolar World, by Adam Sharp

The U.S. can’t rule the world anymore, and it shouldn’t want to. It’s more trouble than it’s worth. From Adam Sharp at dailyreckoning.com:

After World War 2, the U.S. emerged as the only major power with its industrial base intact.

Europe, the USSR, and Japan were all devastated.

The Soviet Union alone had 26 million deaths due to the war. The rest of Europe had approximately another 20 million. Japan lost around 3 million.

All the major powers’ infrastructure had been annihilated. Except for America.

Even before the war, the U.S. was the eminent economic power of the world. But this advantage increased significantly following WW2. After all, it was American ships, tanks, guns, and bombs that turned the tide.

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B-24 bomber production line at Ford’s Willow Run plant

In 1945, America produced 50% of global industrial output. With just 6% of world population.

By 1947 the bulk of military production lines had switched to civilian goods. Lines that were producing tanks switched to cars and appliances. Factories that were churning out bombers switched to commercial airliners.

And in 1944, the Bretton Woods agreement set Uncle Sam up as a monetary superpower as well. The U.S. became the world’s largest lender, which gave it a stake in much of the world’s re-building.

The result at home was a sustained economic (and baby) boom.

America quickly dominated both the industrial and financial world, setting the stage for 65 years of U.S. exceptionalism.

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One response to “Birthing Pains for a Multipolar World, by Adam Sharp

  1. Empire is a complete and total waste of time and resources like New Man workers utopia.

    Thiel loves fat Frank’s juicy weiners and it is all fake and fruity.

    Demoralized by Clown World and the rainbow collapsing empire?

    I’m too busy laughing.

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