this post was submitted on 28 Dec 2024
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[โ€“] disguy_ovahea@lemmy.world 35 points 3 days ago* (last edited 3 days ago) (1 children)

The US objectively has the largest GDP in the world. That has nothing to do with economic health or equality. If the majority of US citizens thought their household economy was the greatest, Trump would never have won.

China has been steadily gaining on the US GDP since 2010, after the US peaked prematurely relative to the leading nations of the past. Economists expect China to overtake the US, just as the US overtook the UK in the 1880s.

The US has already peaked. Its economy will continue to fall into the middle of the pack while China gets its time on top.

[โ€“] kameecoding@lemmy.world 4 points 3 days ago

Well China and India both have over a billion people, it would be weird if they didn't eventually overtake a country with less than 1/3rd the population