Did the USSR ever manufacture 80% of the stuff in your house?
If they had manufactured 80% of the stuff in my house, wouldn't Reagan have concluded that they had won the war before it started? A country that manufactures 80% of the things you need to live might just decide to not sell them to you if you misbehave.
> Did the USSR ever manufacture 80% of the stuff in your house?
China makes about a third of the world’s stuff [1]. Soviet Union probably peaked around a fifth, though it might have been as high as a fourth.
China is undoubtedly stronger today, absolutely and relative to the U.S., than the Soviets ever were. But history is littered with self-obsessed autocrats ruining a good thing.
Part of what makes the world today frustrating is both America and China are squandering their advantages in remarkably-similar ways, with each regime’s defenders speaking almost identically.
[1] https://cepr.org/voxeu/columns/china-worlds-sole-manufacturi...