Foreign Policy
Article
Foreign Policy is a recurring publication in the Astral Codex Ten archive, appearing 4 times across 4 issues between April 28, 2022 and December 10, 2024. The archive places it in contexts such as “Details here: https://foreignpolicy.com/2020/12/21/china-stolen-us-data-exposed-cia-operatives-spy-networks/”; “Foreign Policy’s Britain Is Much Worse Off Than It Understands - Things Weren’t Nearly This Bad In The 1970s”; “I wrote a piece for Foriegn Policy about why the vision of an ‘Everything App’ in the US market is essentially impossible”. It most often appears alongside US, Germany, America.
Metadata
- Category: Publications
- Mention count: 4
- Issue count: 4
- First seen: April 28, 2022
- Last seen: December 10, 2024
Appears In
- Highlights From The Comments On Xi Jinping
- Highlights From The Comments On British Economic Decline
- Highlights From The Comments On Elon Musk
- Highlights From The Comments On Prison
Related Pages
-
- US (4 shared issues)
-
- Germany (3 shared issues)
-
- America (2 shared issues)
-
- China (2 shared issues)
-
- COVID (2 shared issues)
-
- France (2 shared issues)
-
- Italy (2 shared issues)
-
- Japan (2 shared issues)
-
- Our World in Data (2 shared issues)
-
- Scott (2 shared issues)
-
- Stalin (2 shared issues)
-
- Thailand (2 shared issues)
External Links
Source Context
Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.
No direct inline source block was recovered for this mention.
Source: Mainly Macro Or various articles like The Atlantic’s How The UK Became One Of The Poorest Countries In Western Europe and Foreign Policy’s Britain Is Much Worse Off Than It Understands - Things Weren’t Nearly This Bad In The 1970s . This isn’t clearly reflected in the GDP statistics, which show the UK growing at an average rate for developed countries between 2000 and today: Source: Our World In Data Or between 2010 and today: I prefer the Our World In Data graphs since they let you clearly show relative growth, but they only go up to 2018. A World Bank graph requires a little more interpretation, but goes up to 2022: Source: World Bank. Britain is the thick blue line. …and it also shows UK growth being about average. So what’s going on? I asked about this in an Open Thread. Here were some of your responses. Eric Rall writes: There are two different ways of calculating real GDP per capita in an international context, both of which involve converting local currency to dollars and then inflation-adjusting the dollars based on the US's GDP deflator. One uses market exchange rates, while the other uses "Purchasing Power Parity", attempting to optimize the GDP figure as a proxy for standard-of-living by using local prices for equivalent goods and services as the currency conversion factor. For Brexit-related and COVID-related reasons, the relationship between PPP and market exchange rates for Britain have been highly unstable in the period in question: exchange rates have been very volatile (ranging from US$1.08 to US$1.40 per £1.00), and tariffs and COVID disruption have both radically changed the availability and prices of imported goods. Looking at either the PPP or market exchange rate numbers, everyone took a big hit in 2020, while Britain appears to have taken a deeper hit than France and the overall OECD average (the two control groups I picked off the top of my head). The big difference is that in market exchange rate terms, the recovery looks proportionate to the decline (i.e. Britain fell more, but also recovered proportionately faster so as to bounce back to approximately 2019 levels in 2022 the same as France and OECD): (source) But in PPP terms, the UK has recovered at the same rate as France and OECD and thus appears to have permanently (so far) lost ground in standard of living relative to other countries. UK was also growing more slowly in PPP terms between 2015 and 2019 than France, but about the same as the OECD average: (source) Putting some numbers on the second graph: Just before COVID, Britain had 106% the average OECD GDP
Inline links: Mainly Macro, How The UK Became One Of The Poorest Countries In Western Europe, Britain Is Much Worse Off Than It Understands - Things Weren’t Nearly This Bad In The 1970s, https://substackcdn.com/image/fetch/$s_!nKCR!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5bb80548-f7f0-4707-b7bd-601e881e30c0_1164x792.png, Our World In Data, https://substackcdn.com/image/fetch/$s_!V5Hz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c58e9b6-9edd-4021-83dc-df0de003eca1_1165x723.png, https://substackcdn.com/image/fetch/$s_!3fAl!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2cffb938-e8c2-45b1-9ad2-fe575666403b_811x632.png, World Bank, asked about this in an Open Thread, writes, https://substackcdn.com/image/fetch/$s_!ctPl!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F168f87c7-e9e0-45f8-901c-dd418f541b57_800x617.png, source, https://substackcdn.com/image/fetch/$s_!AqdU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faae66a91-fc33-43e0-90b9-2ec1a41d5dc8_790x627.png, source
I wrote a piece for Foriegn Policy about why the vision of an 'Everything App' in the US market is essentially impossible. WeChat was created in a very specific Chinese context that simply doesn't translate to the US
No direct inline source block was recovered for this mention.