November 07, 2003

Historian Paul Johnson on America's New Empire for Liberty. Quotable:

In 1800 it was Asia that produced the majority (57 percent) of world manufactured output, the West only 29 percent; by 1900 the West was producing 86 percent, Asia only 10 percent. Today, America�s production of world wealth, both absolutely and relatively, is accelerating. In the last quarter of the twentieth century, it added $5 trillion to its annual GDP. By 2050 the U.S. share of global output will constitute more than a quarter of the world total and will be as much as three times as big, for instance, as that of the European Union ..
Posted by Greg Ransom | TrackBack