you are viewing a single comment's thread.

view the rest of the comments →

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

What made the US the wealthiest nation was the complete collapse of all its competetors following WW2. In the modern age it grows ever more diverse and currently it is slowly sliding downward into insolvency. The success of a nation is tied directly to the quality of its human capital, and not all human populations are made equal.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

collapse of all its competetors following WW2

Only a small part of the reason, whereas New Deal programs, manufacturing and lending allowed people to take on debt and start families in the US. The 2/3rds of the economy that is supported with purchases grew in the 50s and 60s.