Economic growth in the pre-1620s world was meager (essentially zero except for rare exceptions like the Dutch trading economy) until England cracked sustained 1% growth rates; this represents a fundamental regime shift in economic systems that has occurred at most once or twice in history.
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Speaker
Rory SutherlandEvidence Quote
“we know for example that we had really meager economic growth really across the world until England in the 1620s and and then in England we cracked a sustained 1% growth rate for decade after decade”
Created: 8/11/2026, 7:14:08 AM
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