Re: Post-war 90/10 story
"Post-1945 was a 90% time: there was lots of low-hanging fruit, not least because we'd bombed each other halfway back to the middle ages."
Except that story doesn't actually match the statistical evidence. The world economy grew more between 1951 and 1970 than it did between 1800 and 1951. And again between 1971 and 1980. 'Low-hanging fruit' and 90/10 scenarios don't come close to explaining that.
It's also worth noting that, while Tim chooses to ignore economic growth that displeases him (so let's ignore the fact that building all those bombs is what put America back to work in the '40s), that economic growth was actually very important - a classic Keynesian stimulus which took the US from a depression to a sustained, lasting boom, through big-government government tax-and-spend. Which is exactly what he would like us to forget.
Biting the hand that feeds IT
