WORLD ECONOMY LONG THREAD
That’s a good chart @DavidInglesTV

Let’s deepen our understanding by ZOOMING OUT:

from a 50-year-view (1970-2020) —>

to a 2000-year-view (1 CE to 2020 CE) 👇🏻

1/12
https://twitter.com/davidinglestv/status/1270957103427928064?s=21 https://twitter.com/davidinglestv/status/1270957103427928064
RETURN TO THE NORM
China 🇨🇳 & India 🇮🇳 have been THE WORLD’S TWO LARGEST ECONOMIES for THOUSANDS OF YEARS!

THIS *IS* THE NORM.

During the last 180 years (1840-2020) there’s been a blip, and now a RETURN TO THE NORM.

2/12
THE 180-YEAR BLIP
= Rise of the West

Western Europe 🇪🇺 (esp Britain 🇬🇧),
followed by America 🇺🇸 ,
has been LEADING THE WORLD ECONOMY, during this 180-year blip (1840-2020)

3/12
THE 180-YEAR BLIP= Rise of the WestWestern Europe (esp Britain ), followed by America , has been LEADING THE WORLD ECONOMY, during this 180-year blip (1840-2020) 3/12
THE 180-YEAR BLIP= Rise of the WestWestern Europe (esp Britain ), followed by America , has been LEADING THE WORLD ECONOMY, during this 180-year blip (1840-2020) 3/12
THE 180-YEAR BLIP= Rise of the WestWestern Europe (esp Britain ), followed by America , has been LEADING THE WORLD ECONOMY, during this 180-year blip (1840-2020) 3/12
INDUSTRIAL REVOLUTION
Our history books teach us that the blip — Rise of the West (1840-2020) — was MAINLY due to:
- Western economic miracle of “The Industrial Revolution” (1760 CE to ~1830 CE)

This is only PARTIALLY TRUE.

4/12
INDUSTRIAL REVOLUTIONOur history books teach us that the blip — Rise of the West (1840-2020) — was MAINLY due to:- Western economic miracle of “The Industrial Revolution” (1760 CE to ~1830 CE)This is only PARTIALLY TRUE.4/12
INDUSTRIAL REVOLUTIONOur history books teach us that the blip — Rise of the West (1840-2020) — was MAINLY due to:- Western economic miracle of “The Industrial Revolution” (1760 CE to ~1830 CE)This is only PARTIALLY TRUE.4/12
COLONISATION & CONQUEST
WHAT ELSE funded the Rise of the West?

- RICHES FROM CHINA 🇨🇳: during “Century of Humiliation”
- RICHES FROM INDIA 🇮🇳: via colonisation
- LABOUR & GDP FROM COLONIES: in India, Africa (remember slavery?), SE Asia, China, etc

5/12
COLONISATION & CONQUESTWHAT ELSE funded the Rise of the West?- RICHES FROM CHINA : during “Century of Humiliation” - RICHES FROM INDIA : via colonisation- LABOUR & GDP FROM COLONIES: in India, Africa (remember slavery?), SE Asia, China, etc5/12
COLONISATION & CONQUESTWHAT ELSE funded the Rise of the West?- RICHES FROM CHINA : during “Century of Humiliation” - RICHES FROM INDIA : via colonisation- LABOUR & GDP FROM COLONIES: in India, Africa (remember slavery?), SE Asia, China, etc5/12
COLONISATION & CONQUESTWHAT ELSE funded the Rise of the West?- RICHES FROM CHINA : during “Century of Humiliation” - RICHES FROM INDIA : via colonisation- LABOUR & GDP FROM COLONIES: in India, Africa (remember slavery?), SE Asia, China, etc5/12
COLONISATION & CONQUESTWHAT ELSE funded the Rise of the West?- RICHES FROM CHINA : during “Century of Humiliation” - RICHES FROM INDIA : via colonisation- LABOUR & GDP FROM COLONIES: in India, Africa (remember slavery?), SE Asia, China, etc5/12
CENTURY OF HUMILIATION
= what China calls the period of 1840-1949.

Instead of paying for CN goods (ie. tea, silk, porcelain), Foreign powers (UK 🇬🇧 , US 🇺🇸 , FR 🇫🇷 , JP 🇯🇵 , RU 🇷🇺 ) decided they’ll take them BY FORCE—divide CN’s pie amongst themselves

6/12
CENTURY OF HUMILIATION= what China calls the period of 1840-1949. Instead of paying for CN goods (ie. tea, silk, porcelain), Foreign powers (UK , US , FR , JP , RU ) decided they’ll take them BY FORCE—divide CN’s pie amongst themselves6/12
CENTURY OF HUMILIATION= what China calls the period of 1840-1949. Instead of paying for CN goods (ie. tea, silk, porcelain), Foreign powers (UK , US , FR , JP , RU ) decided they’ll take them BY FORCE—divide CN’s pie amongst themselves6/12
OPIUM WARS
How? Using GUNBOAT DIPLOMACY 💣:

1. Starting TWO OPIUM WARS to continue + legalise the unethical but lucrative Opium trade from UK to China
- First Opium War 1839-1842 🇬🇧
- Second Opium War 1856-1860 🇬🇧 🇫🇷

7/12
OPIUM WARSHow? Using GUNBOAT DIPLOMACY :1. Starting TWO OPIUM WARS to continue + legalise the unethical but lucrative Opium trade from UK to China - First Opium War 1839-1842 - Second Opium War 1856-1860 7/12
OPIUM WARSHow? Using GUNBOAT DIPLOMACY :1. Starting TWO OPIUM WARS to continue + legalise the unethical but lucrative Opium trade from UK to China - First Opium War 1839-1842 - Second Opium War 1856-1860 7/12
OPIUM WARSHow? Using GUNBOAT DIPLOMACY :1. Starting TWO OPIUM WARS to continue + legalise the unethical but lucrative Opium trade from UK to China - First Opium War 1839-1842 - Second Opium War 1856-1860 7/12
OPIUM WARSHow? Using GUNBOAT DIPLOMACY :1. Starting TWO OPIUM WARS to continue + legalise the unethical but lucrative Opium trade from UK to China - First Opium War 1839-1842 - Second Opium War 1856-1860 7/12
2. Seizing ports & territories via UNEQUAL TREATIES post-war, incl:
⁃ Hong Kong 🇭🇰 by UK 🇬🇧 (1842 Treaty of Nanking, 1860 Convention of Peking),
⁃ Macau 🇲🇴 by Portugal 🇵🇹 (1887 Sino-Portuguese Treaty of Peking)

3. Huge post-war reparations to Western powers

8/12
2. Seizing ports & territories via UNEQUAL TREATIES post-war, incl:⁃ Hong Kong by UK (1842 Treaty of Nanking, 1860 Convention of Peking), ⁃ Macau by Portugal (1887 Sino-Portuguese Treaty of Peking)3. Huge post-war reparations to Western powers8/12
2. Seizing ports & territories via UNEQUAL TREATIES post-war, incl:⁃ Hong Kong by UK (1842 Treaty of Nanking, 1860 Convention of Peking), ⁃ Macau by Portugal (1887 Sino-Portuguese Treaty of Peking)3. Huge post-war reparations to Western powers8/12
2. Seizing ports & territories via UNEQUAL TREATIES post-war, incl:⁃ Hong Kong by UK (1842 Treaty of Nanking, 1860 Convention of Peking), ⁃ Macau by Portugal (1887 Sino-Portuguese Treaty of Peking)3. Huge post-war reparations to Western powers8/12
“GIFT” OF WESTERN WISDOM
During colonisation, Asia has silently observed & learnt MANY VALUABLE ECONOMIC LESSONS from the West, incl:
- Market economy
- Meritocracy
- Rule of law
- Western biomedicine & science
- Industrialisation
- Caring for nature

9/12
“GIFT” OF WESTERN WISDOMDuring colonisation, Asia has silently observed & learnt MANY VALUABLE ECONOMIC LESSONS from the West, incl:- Market economy- Meritocracy- Rule of law- Western biomedicine & science- Industrialisation- Caring for nature9/12
“GIFT” OF WESTERN WISDOMDuring colonisation, Asia has silently observed & learnt MANY VALUABLE ECONOMIC LESSONS from the West, incl:- Market economy- Meritocracy- Rule of law- Western biomedicine & science- Industrialisation- Caring for nature9/12
“GIFT” OF WESTERN WISDOMDuring colonisation, Asia has silently observed & learnt MANY VALUABLE ECONOMIC LESSONS from the West, incl:- Market economy- Meritocracy- Rule of law- Western biomedicine & science- Industrialisation- Caring for nature9/12
“GIFT” OF WESTERN WISDOMDuring colonisation, Asia has silently observed & learnt MANY VALUABLE ECONOMIC LESSONS from the West, incl:- Market economy- Meritocracy- Rule of law- Western biomedicine & science- Industrialisation- Caring for nature9/12
RETURN OF THE JEDI (ASIA)

And now ASIA IS RISING again,
⁃ led by China 🇨🇳 currently, and
⁃ likely followed by India 🇮🇳.

The 21st Century = The Asian Century

This is a RETURN TO THE NORM — THE NORM of the last 2000 years of human history.

10/12
RETURN OF THE JEDI (ASIA)And now ASIA IS RISING again, ⁃ led by China currently, and ⁃ likely followed by India . The 21st Century = The Asian CenturyThis is a RETURN TO THE NORM — THE NORM of the last 2000 years of human history.10/12
RETURN OF THE JEDI (ASIA)And now ASIA IS RISING again, ⁃ led by China currently, and ⁃ likely followed by India . The 21st Century = The Asian CenturyThis is a RETURN TO THE NORM — THE NORM of the last 2000 years of human history.10/12
RETURN OF THE JEDI (ASIA)And now ASIA IS RISING again, ⁃ led by China currently, and ⁃ likely followed by India . The 21st Century = The Asian CenturyThis is a RETURN TO THE NORM — THE NORM of the last 2000 years of human history.10/12
RETURN OF THE JEDI (ASIA)And now ASIA IS RISING again, ⁃ led by China currently, and ⁃ likely followed by India . The 21st Century = The Asian CenturyThis is a RETURN TO THE NORM — THE NORM of the last 2000 years of human history.10/12
A NEW HOPE, IN A MULTIPOLAR WORLD

THANK YOU for reading this long thread.

Let’s end this on a HOPEFUL note for our future.

I love this quote by @thecyrusjanssen:
“When the United States & China work together,
the entire world wins.” ❤️

11/12
ACKNOWLEDGEMENTS

H/t to
⁃ @SolTaiyang for the 2000-year chart, some of his words👇🏻
⁃ @mahbubani_k’s 2018 book “Has The West Lost It: A Provocation”
⁃ @thecyrusjanssen

12/12
https://twitter.com/soltaiyang/status/1246785380017246208?s=21
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