However—fourth—over the last century there’s a huge relationship between how rich a country is and the variance in growth. The richest countries have low variance: They all stubbornly keep growing at around the same 1 or 2%. However, middle-income countries vary enormously.~ “Dynomight” from, https://dynomight.net/gdp/
There’s several different interesting threads in this article. But this point about variance leapt out at me. I’m reminded of how just the other day, a piece about statistics that I mentioned was talking about variance (if you clicked through and read the article.) Variance feels like a sort of second-order thinking that I probably should be doing more often.