Lots of counterpoints. Peronist Argentina, France under Hollande, Canada from 2015-today, etc...

I live in Canada. Under the current government, business investment cratered, 40% of our 1% earners left and our GDP per capita relative to the US dropped by 40%.

Keep in mind that LLMs were basically invented in Canada and we've captured next to none of the economic activity.

Elon Musk, Ilya Sutskever, Andrej Karpathy and Geoffrey Hinton are all Canadian citizens lol...