Historical Enrichment and Relative Wealth

The insight emphasizes the historical timing of nations getting rich, indicating that most enrichment occurred in the last 150 years. It highlights that before 1870, despite plunder and military force, people in the United States and Britain lived incredibly poor lives. It presents a thought-provoking analogy of shooting a neighbor for $40 to explain the difference between relative and absolute wealth, concluding that understanding this concept is crucial.