The Minutes of Bill Gurley on economic history https://minutesof.com/bill-gurley/on/economic-history/ Everything Bill Gurley has said on economic history: 2 verbatim quotes from February 2025, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:10 +0000 Gurley cites China held 33% of global GDP in 1820 before Mao's isolation reduced it dramatically. https://minutesof.com/q/f45c1242-8cd4-4414-9710-bd491d1de9c9/ https://minutesof.com/q/f45c1242-8cd4-4414-9710-bd491d1de9c9/ “in 1820, China's economy was wide open, and they actually, had 33% of the global economy. 33% of global GDP was China.” — BG2 Pod Wed, 05 Feb 2025 23:13:28 +0000 economic history Gurley states China's GDP share fell from 33% to 5% after Mao closed the economy. https://minutesof.com/q/f52bec3b-273e-400a-b92e-a375dc082420/ https://minutesof.com/q/f52bec3b-273e-400a-b92e-a375dc082420/ “at the end of Mao's reign, and Mao had raised the wall and and kind of turned China inwards, they had fallen to 5% of global GDP.” — BG2 Pod Wed, 05 Feb 2025 23:13:28 +0000 economic history