As the chart above shows, the American share of world GDP has remained virtually unchanged over the course of the past three decades. Asia’s share has increased markedly, but it has not impacted the U.S. share in any way. Asia’s gains have come at the expense of Europe. And “Asia” of course is many countries with a vastly greater total population than the USA, yet together all its nations only manage to match U.S. output. The U.S. share of world output in scientific research is even higher, nearly a third of all human production.
As indicated by the above graph, the U.S. figures are ten times the level of Russia even though the U.S. population is only twice as large. This means each American is worth five Russians. As David Brooks of the New York Times points out: “The U.S. economy grew by 63 percent between 1991 and 2009, compared with 35 percent for France, 22 percent for Germany and 16 percent for Japan over the same period.”
We ask you: Is it really such a good idea for the Russia to bait and provoke the U.S. into a new cold war?