Topic: "Even if the white upper class increased the GDP"

Mr. Bloody Lemonade !0JqexkOGBc started this discussion 1 hour ago #136,051

Fun fact: Whites did not increase Africa’s GDP

Sub Saharan Africa GDP by year
2024 $1.979T
2023 $2.118T
2022 $2.293T
2021 $2.141T
2020 $1.902T
2019 $2.046T
2018 $1.799T
2017 $1.672T
2016 $1.532T
2015 $1.688T
2014 $1.903T
2013 $1.825T
2012 $1.717T
2011 $1.651T
2010 $1.470T
2009 $1.242T
2008 $1.301T
2007 $1.145T
2006 $988.87B
2005 $836.99B
2004 $702.84B
2003 $565.92B
2002 $449.50B
2001 $410.94B
2000 $428.79B
1999 $404.65B
1998 $566.82B
1997 $565.28B
1996 $537.53B
1995 $481.08B
End of apartheid
1994 $378.18B
1993 $369.86B
1992 $365.90B
1991 $406.70B
1990 $379.79B
1989 $324.39B
1988 $318.69B
1987 $302.63B
1986 $270.24B
1985 $288.31B
1984 $301.94B
1983 $337.93B
1982 $376.49B
1981 $404.96B
1980 $300.10B
1979 $238.92B
1978 $202.65B
1977 $180.96B
1976 $164.67B
1975 $152.22B
1974 $138.64B
1973 $109.28B
1972 $85.73B
1971 $76.08B
1970 $74.00B
1969 $66.26B
1968 $58.69B
1967 $54.84B
1966 $54.78B
1965 $50.54B
1964 $45.89B
1963 $46.13B
1962 $40.55B
1961 $37.52B
Nigerian independence from Britain
1960 $35.99B

Mr. Bloody Lemonade !0JqexkOGBc (OP) double-posted this 1 hour ago, 37 seconds later[^] [v] #1,444,800

South Africa GDP - black line is when apartheid ended

Mr. Bloody Lemonade !0JqexkOGBc (OP) triple-posted this 1 hour ago, 23 seconds later, 1 minute after the original post[^] [v] #1,444,801

Black line is when apartheid ended

Mr. Bloody Lemonade !0JqexkOGBc (OP) quadruple-posted this 1 hour ago, 2 minutes later, 3 minutes after the original post[^] [v] #1,444,802

Africa isn’t poor because it’s not developing or because blacks aren’t growing the economy, they have grown the economy by a lot, people simply fail to realize how bad colonialism was and just how much Europe stole from Africa. They’re behind because they had to start from zero. Even if that offends you, the data doesn’t lie.

Mr. Bloody Lemonade !0JqexkOGBc joined in and replied with this 1 hour ago, 18 minutes later, 22 minutes after the original post[^] [v] #1,444,803

Also, despite what people say about Africa, that it’s failing to develop, which is not true, there are reasons to be optimistic that the economic growth will continue. The average African is 20 years old, the average European is 45 years old, and the average American is 40. American women have 1.6 children on average, European women have 1.3 children on average, and Africa women have 4 children on average. This means about half of Africans are not adults, meaning you can expect the workforce in Africa to double even without population growth, but they also have a high birth rate so their population will grow significantly over time. Even if the GDP per capita didn’t increase, it isn’t unreasonable to expect that Nigeria’s GDP could exceed 1 trillion USD in the second half of the 21st century, it’s not crazy to speculate that African nations will begin to move into the trillion GDP range from the billion GDP range in the next 30 to 50 years.

Mr. Bloody Lemonade !0JqexkOGBc double-posted this 1 hour ago, 8 minutes later, 31 minutes after the original post[^] [v] #1,444,805

I mean, it makes sense, they have 242 million people in 2026, by 2050 they’ll have 375 to 400 million people, in 2026 their average age is 20, by 2050 it will increase to 25, so that means about half their people are adults, in 2050, it will be a bit more than half, but let’s just say it’s half for the sake of simplicity. Now you can assume they have about 100 million workers, in 2050, you can assume they’ll have about 200 million workers. Right now their GDP can range from 370 to 600 billion USD depending on oil prices that particular year, it’s not crazy to imagine if we assume their GDP minus the instability from oil is closer to 370 billion USD, if you double that, that could get you to 740 billion USD, assuming the standard of living increases somewhat in the next 25 years which isn’t unreasonable, they could probably do a bit better than that. It isn’t crazy to think that 30 to 50 years from now, Nigeria could have a 1 trillion GDP on a bad year to be conservative.

Anonymous C joined in and replied with this 18 minutes ago, 1 hour later, 1 hour after the original post[^] [v] #1,444,816

@1,444,800 (Mr. Bloody Lemonade !0JqexkOGBc)
So it was going up during apartheid, then it went down for a moment after they ended it, and then resumed going up.

Mr. Bloody Lemonade !0JqexkOGBc joined in and replied with this 12 minutes ago, 5 minutes later, 1 hour after the original post[^] [v] #1,444,818

@previous (C)
People misunderstand something, democracy doesn’t make a country rich. Wealth makes a country democratic. Apartheid ended as soon as the GDP per capita of South Africa started increasing, because once people have the financial means to focus on something other than survival, they’ll start resisting their authoritarian government and create a democracy. The important thing to notice is that South Africa is twice as wealthy per capita now as it was when apartheid ended.

Anonymous C replied with this 10 minutes ago, 2 minutes later, 1 hour after the original post[^] [v] #1,444,819

@previous (Mr. Bloody Lemonade !0JqexkOGBc)
What country isn't? Technological advances are global.

Mr. Bloody Lemonade !0JqexkOGBc replied with this 10 minutes ago, 32 seconds later, 1 hour after the original post[^] [v] #1,444,820

China is wealthier than India, but India is a democracy and China isn’t. When European economies diverged from other parts of the world, most of Europe wasn’t democratic yet. But the wealth from imperialism is why the working class in Europe was able to advocate for democratic ideals successfully.

Mr. Bloody Lemonade !0JqexkOGBc double-posted this 9 minutes ago, 45 seconds later, 1 hour after the original post[^] [v] #1,444,821

@1,444,819 (C)
Japan’s economy isn’t really growing.

Anonymous C replied with this 7 minutes ago, 2 minutes later, 1 hour after the original post[^] [v] #1,444,822

@1,444,820 (Mr. Bloody Lemonade !0JqexkOGBc)
Right, we both know democracy doesn't mean your GDP goes up.

@previous (Mr. Bloody Lemonade !0JqexkOGBc)
Neither of us should be using Japan or Argentina as an example of normal economics in any thread.

(Edited 10 seconds later.)

Mr. Bloody Lemonade !0JqexkOGBc replied with this 6 minutes ago, 35 seconds later, 1 hour after the original post[^] [v] #1,444,823

Technology does matter, but technology doesn’t make money, people make money using technology. Japan’s problem is they’re still making technology, but they’re not making people, so the technology doesn’t make the GDP get bigger.

Mr. Bloody Lemonade !0JqexkOGBc double-posted this 6 minutes ago, 33 seconds later, 1 hour after the original post[^] [v] #1,444,824

@1,444,822 (C)
Well, Japan’s present is the west’s future if you look at it through the lens of demographics.

Anonymous C replied with this 3 minutes ago, 2 minutes later, 1 hour after the original post[^] [v] #1,444,825

@1,444,823 (Mr. Bloody Lemonade !0JqexkOGBc)
It's both, and you don't need to be making technology to have GDP go up. The technology they import improves, the increased production of anything from other countries by technology will make certain goods more abundant.

Mr. Bloody Lemonade !0JqexkOGBc replied with this 36 seconds ago, 2 minutes later, 1 hour after the original post[^] [v] #1,444,826

@previous (C)
True. My point was mostly that, you noticed the GDP went up during apartheid, it did, but only at the very end of apartheid, that’s why apartheid ended. For most of apartheid, South Africa was extremely poor and there was very little economic growth as you can see in the first half of the graph. So it’s dishonest to say that the GDP growth after apartheid ended is the same as the GDP growth before apartheid ended. You can see in the chart that for several decades under apartheid, the average person would have seen almost no improvement in their living standard, and then right when apartheid ended, GDP per capita doubled.

Minichan