Many of these polls I posted in that other thread are done longitudinally and they show clear trends for decades. They are not fleeting and shaky like the stock market expectation for example. And compare them to a healthy society like Chinese, or any other for example.\
Simple question. Who cares? And why even bring up people's feelings when we're really just talking about tangible economics?
I never argued about this. Go reread what I argued about. You also didn't mention the cornerstone of that argument which is gold. In all your graphs there is no gold share. Gold is now ahead of the euro, only below the dollar, and that is with this giant push starting maybe just a while ago. Gold is an alternative as the next global neutral excess reserve currency, not yuan.
Well why would I? I didn't bring it up, I didn't intend to bring it up, and it really is irrelevant for 2025, or really, in the near future. I don't disagree that many countries are taking measures to protect themselves from US sanctions, but it is a fact that the US dominates the global financial system, and that'll likely persist for many years to come.
And yes, that's a huge economic asset for United States, especially in its economic competition with China.
Sanctions hurt Russia in the sense of some lost growth, but not in terms of their base. They fell 2.07% in 2022 when the war started, but then grew 3.60% again in 2023, when they regained it back, and then continued with growth in 2024 when they are estimated to have grown 4%. Sanctions in a sense did not hurt them, it just made them earn less in the last 2 years than they could've. This is certainly nothing like the Western "experts" you predicted. And this will make them grow way faster than before the war in the future in the long term on all levels. Whereas, the EU suffered way more relatively speaking economically. And keep in mind how the socio-political situation in the West dramatically worsened, especially in the EU, as a direct consequence of those sanctions, and Russian social cohesion and support for Putin skyrocketed thanks to the war and sanctions did nothing to prevent that. Since the war started, Russia has become the 4th largest economy in the world and a developed economy by the World Bank's most recent classification. That certainly wasn't possible before sanctions, that's what I meant. Imagine the future now once they utilize the sanctions to grow even more lol.
They grew because the Russian government,
correctly, prioritized massive government spending to provide its soldiers with everything they need to fight in Ukraine.
But it is a fact that Western sanctions did hurt Russia, even Putin says so. And yes, the fact that Russia has managed to keep its economy balanced, to further develop its industry, to make new and meaningful investments in its economy despite fighting an economic war, and an actual war, is very impressive and much credit must be given to Russia's government for creating so much good out of a really shit sandwich.
I'm not gonna comment on "Western experts", as I'm not an a Western expert.
China doesn't need those most advanced global presence types of submarines right away if we are talking about the hot war against the US, since it will happen on their doorstep, on their terms. Think about it conceptually, they are obviously not going to fight against the US in Panama or somewhere else, but in front of their shores. And if the US can't prevent China from reclaiming Taiwan, then the whole story of the military hegemony is in the past. Also keep in mind that just like the US has some technologies that are above China's in certain areas, the same is true for China the US doesn't currently have the same achievements in some of their areas as well.
Okay but this is moving goalposts. I also didn't say that China couldn't compete or that China has military power in totality, but it is undeniable that United States maintians an advantage in several key areas.
And yes, obviously China is ahead of United States in other areas, like deployment of hypersonics.
Go read better what I wrote, you totally missed it as if you're blind. We were talking about REAL WAGES, not nominal GDP!
No Serb. I was quite specific in what I type and what I said.
The person who missed what was said was
you. My point about nominal GDP stands, and that's ultimately what you reacted to and expanded the conversation about. There's no need to be so reactionary about a relatively specific point. There will be areas where United States retains an advantage, even in the distant future. There's no need to be so defensive about it.
In gdp India is way above Germany. Germany had a strong gdp by the turn of the century. It's awful now.
No... nominal GDP of India is roughly $4.3 Trillion. Germany's nominal GDP is 4.9$ Trillion.
You can't compare two "nominal" measures without first making them not nominal, just simple gdp.
US nominal gdp: 29T USD
China nominal gdp: 126T CNY
When you turn them into the same currency (usually dollar), China comes out ahead at 37T USD. But then it's not called nominal gdp anymore, it's just gdp.
Converting 126 trillion RMB to USD at current market prices is 17$ trillion, and I'm pretty sure GDP and nominal GDP are still interchangeable terms, granted, the last time I took a graduate Econ course was in like 2022.
