> Europe was devastated and bankrupt. Asia was devastated and bankrupt.
Well yeah. Because America's world wide industrial dominance soundly beat the shit out of everyone, due to deployment of a highly successful industrial policy.
Imagine if we needed to rapidly step up industrial output tomorrow to fight another global war and China was on the other side. How do you think it would go?
> explain America's world-wide industrial dominance.
> Europe was devastated and bankrupt. Asia was devastated and bankrupt.
Well yeah. Because America's world wide industrial dominance soundly beat the shit out of everyone, due to deployment of a highly successful industrial policy.
Imagine if we needed to rapidly step up industrial output tomorrow to fight another global war and China was on the other side. How do you think it would go?