Have you ever seen US GDP go up 5% yearly for several years?

matthewaveryusa 3 hours ago | parent | next [-]

That’s the bet! last time we had that growth was for a few years during the dotcom, followed by a lost decade of growth in tech stocks

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geysersam 3 hours ago | parent | prev | next [-]

Doesn't have to go up. It's also fine if they replace other parts of the economy.

	▲	johnvanommen an hour ago \| parent [-]
		exactly.

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crazygringo 3 hours ago | parent | prev | next [-]

The quote is about a one-time increase in growth of 5 percentage points. Not multiple years or forever.

Or obviously it can be spread out, e.g. ~1% additional increase over 5 years.

	▲	blks 3 hours ago \| parent [-]
		It cannot be sustained with just one-time growth. Capital always has to grow, or it will decrease. If this bubble actually manages to deliver interest, this will lead to the bubble growing even larger, driving even more interest.

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dkasper 3 hours ago | parent | prev [-]

China did it. It’s not inconceivable.

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Retric 3 hours ago | parent | next [-]

China’s GDP per capita fell for the first 40 years of CCP rule, making it way easier to have constant growth after that period. https://en.wikipedia.org/wiki/Economic_history_of_China_(191...

Developed countries have slow growth because they need to invent the improvements not just copy what works from other countries.

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paulorlando 2 hours ago | parent [-]

The chart you listed is for the years before the CCP won the civil war in 1949. But agreed that many of the problems overcome were also problems that were created after the war.

	▲	Retric an hour ago \| parent [-]
		https://en.wikipedia.org/wiki/Communist-controlled_China_(19... Starting at 1949 is overly generous IMO, but yes the purges that followed didn’t help.

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fatherwavelet 22 minutes ago | parent | prev | next [-]

In 1979, median income in China was $100 USD a year.

In 1979, median income in the US was $16,530 USD a year.

Not exactly an apples to apples comparison.

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eatsyourtacos 3 hours ago | parent | prev [-]

Yeah but China actively works in the best interest of their entire population.

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3 hours ago | parent | next [-]

[deleted]

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brutalc 3 hours ago | parent | prev [-]

Huh? No they don’t.

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direwolf20 an hour ago | parent [-]

In what way? Bring some substance instead of a vague rebuttal

	▲	b00ty4breakfast an hour ago \| parent [-]
		They're for those within the population that are willing to submit themselves to the whim of the state and whose prosperity in some way directly benefits the oligarchs that run the state. Certainly, as just a few examples, they are not for the well-being of the Uyghar population or pro-democracy activists or journalists investigating human rights violation or supporters of Tibetan independence.