In this episode, we review America's performance as a country now that it's entered the young adult adult stage of countryhood, and compare it to the rest of the world, including China, Japan and Russia. We also look at how the US stacks up against other countries in terms of GDP and GDP per head.
00:01:11.640So we'd go with that because I suppose it's your birthday,
00:01:14.700so you get to say, and we're going to be very polite about it.
00:01:17.500But we do need to give you a scorecard now that you've reached
00:01:21.100the young adult adult stage of countryhood um so what we're going to do is we're going to review
00:01:26.700the class and see how america is getting on and hopefully is going to enter adulthood as a country
00:01:36.440very sensibly we are hoping that it is not going to be like those but you know you see them all
00:01:42.260the time before and after university where some you get a very pretty girl and then she goes off
00:01:47.500to university and then she comes back and she's got that ssr stare ssir whatever it is you know
00:01:54.680the drugs they take the stare and they've got a nose ring and they put on weight and they've got0.58
00:01:58.860blue hair um we are really hoping that that doesn't happen to america it doesn't it doesn't
00:02:04.080you know wokeify itself so we're going to look at a couple of categories and we're going to compare
00:02:08.900you to the rest of the class which is going to be more the uk obviously germany that's a good
00:02:16.060comparison. Russia, all of those are about 1,100 years old. I mean, Germany gets a bit ropey because
00:02:24.260it likes to reinvent itself periodically. So you can make an argument for 1,100. I suppose you can0.97
00:02:29.700make another argument for 155 if you went with a Bismarck number, or 70 years if you went with a
00:02:35.880post-war settlement, but whatever. And also we're going to look at Japan and China, who are sort of
00:02:42.540double these numbers. They're sort of 2,200 years old. So they've had to repeat the class
00:02:49.140a few times. So yes, let's start with a little bit of opening data on what we're looking
00:02:56.320at here. In 1776, the US had about 2.5 million people, which isn't a lot. By 2026, you're
00:03:07.540to something like 342 million so you've had 130 times growth from the early days which is you
00:03:15.980know impressive scaling i will give you that you've gone from 13 colonies to global superpower
00:03:21.760so well done and on the first entrance in the in the scorecard we're gonna have to go with economy
00:03:28.680aren't we? Now, on that, America looks really bloody good, doesn't it? It's about 28.75 trillion
00:03:38.540is your GDP. And the closest to that is going to be China, with about 18.75 trillion GDP.
00:03:47.200The only thing I would say is that when you are measuring that in US dollars,
00:03:52.980the US is going to do well I can pretty much guarantee that if I started a country and it
00:03:59.000uses Dan dollars then it that the Dan Astania would come out incredibly well on that comparison
00:04:07.560because it can print as many Dan dollars as it likes and it can basically borrow as many Dan
00:04:12.280dollars as it likes from itself so it does matter that you're measuring this in US dollars
00:04:17.640But on the strict interpretation of GDP, the US is still rocking and rolling sort of 10 trillion ahead of its closest competitor, China.
00:04:28.200If you look at things like energy production, if you measure the economy based on energy, which is probably quite a good way of doing it,0.66
00:04:34.500because it shows how much useful work you can do, China is well ahead of the US at this point.
00:04:39.540The rest of the class, Germany's about $5 trillion, Japan maybe $4 trillion, UK a bit below $4 trillion, $3.6 trillion, something like that.
00:04:51.300So yeah, well done, America. You're still crushing it on the economy front.
00:04:56.480GDP per head is probably a nicer way of looking at it.
00:04:58.920US, again, holds up very well there, about $84,000 per head.
00:05:04.120Well clear of even Germany next at $55,000 per head.
00:05:09.540UK about 53 we're a bit behind there Japan down 32 now for Japan they're they're suffering lately
00:05:17.560aren't they and then China only about $13,000 per head so so by that you know America is looking
00:05:24.760good I will give you that it is still looking good on many metrics but I wanted to look at a number
00:05:29.640of explicit categories and the first real category that I want to look at is going to be foundational
00:05:34.480design you have to give it to the americans on foundational design don't you i'm a huge fan
00:05:40.700of the of the founding fathers um i mean they they of course they called themselves englishmen
00:05:47.140for most of their lives and and what they were trying to do is uphold the very best of what
00:05:51.260should have been english values even though england had slipped away from them and the i mean
00:05:56.580everything from the declaration of independence to constitution itself or the various other
00:06:01.560documents are exceptional documents. And it is really a testament that America could have
00:06:10.700withstood so many Democrat governments, including the Obama and Biden years. And yet it is still
00:06:18.320mostly functional, thanks to an absolute golden set of constitutional documents setting it up in
00:06:25.980the first place so a plus to america on that uk is actually quite a good comparator here because
00:06:32.620it doesn't have a written constitution it has a sort of evolving one um and it is actually held
00:06:38.340up as remarkably stable over a very long time you know rich people just are very happy to come and
00:06:43.380live in london because of the stability and the financial security of everything that goes with
00:06:47.720it germany isn't bad on this front and japan i suppose because of the language issues doesn't
00:06:52.760get much of this. Russia does abysmally on this one, I'm afraid. You don't see wealthy people
00:07:00.420running off to Russia, and China is very poor indeed. People deliberately keep their money
00:07:05.200out of China. So I will give you that one. What about durability? What about if we looked at that?
00:07:13.380So the US actually, again, another A plus on that one. I mean, they're 250 years,
00:07:20.860and they haven't really changed the fundamental design principles.
00:07:26.720They have been rotted, they've been infiltrated,
00:07:30.140they've been subverted, but still 250 years
00:07:33.200on basically the same platform is absolutely A+, I'll give you that.
00:07:40.480Britain is also doing very well on this,