Re: India & China were the biggest economies throughout recorded histo
This whole thread really makes no sense.
Off course, India and China would have had the biggest economies prior to the industrial revolution !!
Prior to the industrial revolution....the economy of a country was based purely on its agricultural output.
Even the technology to mine metals or petroluem did not exist, except for some basic things like iron ore, gold.
So isnt it plainly obvious that the countries that had the largest populations also had the biggest economies.
They simply had the most mouths to feed and therefore had to produce the highest agricultural output.
The European countries had populations that were a mere tiny fraction of India and China, so why would they produce 100 times the amount that they consumed, even if they could, since the means to export agricultural produce without spoiling did not exist then.
It was only after the industrial revolution, that the west was able to move ahead much faster because almost all the technology was developed in the West...and off-course they mined the colonies dry too.
I dont see the point......saying that India and China had the biggest economies does not say much.......they also had a population that was a hundred times larger.
BTW: As a corollary to my post above - Today China has just overtaken the US as the largest economy in the world; but again, that really does not say much about the quality of life for the average Chinese vs the average American.
China has 4 times the population of the US. So even if the Chinese economy were double the size of the US economy - it does not mean that the average Chinese will be richer or have a better life than the average American. Plus when you add the pollution mess that is China, corruption, aging population, and the wealth inequality between the rich and the working class......its really is a much more complicate picture.
I suspect the Chinese know all this only too well......that is why you dont see the Chinese making a big deal out of the fact that China has just surpassed the US economy.