What the chart ultimately shows is not that American exceptionalism was a myth. It’s that it was a moment — a historically contingent window, opened by catastrophe elsewhere and now gradually closing as the rest of the world heals, industrializes, and competes. For 2,000 years before the American century, the world’s largest economy sat somewhere along the Yangtze River. The line on the chart that shows China’s share plummeting to near-zero and now racing back upward is not a story about China catching up.
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Benchmark: the moment of truth。传奇私服新开网｜热血传奇SF发布站｜传奇私服网站对此有专业解读
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The Takeaway: Strategy + intellectual capital Physical capital. You don’t need a fab to own a piece of the global supply chain.