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NO ONE - can accurately predict the economic future in the short term - its chaotic like the weather. But the biggest indicator of economic health is demograph
by wrong_variable 11y ago
NO ONE - can accurately predict the economic future in the short term - its chaotic like the weather.
But the biggest indicator of economic health is demographics - and the US wins in this category hands down compared to other developed countries.
While Japan, Germany and other countries are rapidly aging - the united states continues to be culturally very open and meritocratic.
Britain tried being "open" but it backfired in a big way.
The United States will continue to dominate - its biggest rivals are of'course China and India. China is facing a huge demographic cliff while India even though it has the demographic advantage does not have the energy reserves nor is able to fully get rid of structural corruption ( US too has corruption but everything is relative )
At the end of the day - growth is just an anomaly - the longest state of the universe is decay.
- cylinder 11y agoDemographics don't matter if those people don't have income and wealth.
- wrong_variable 11y agoIncome and wealth can be created out of thin air with a willing, determined and optimistic set of people. The people who first came to the new world had no wealth or income - they built it themselves. It's not something that is static, it can be created anywhere. There is nothing special about american soil.