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>"anywhere in developed world" I hate this terminology. If the US has, in fact, "finished" developing, then the future of the S&P will be bleak. I don't think
by xiaoma 10y ago
>"anywhere in developed world"
I hate this terminology. If the US has, in fact, "finished" developing, then the future of the S&P will be bleak. I don't think that's the case at all, though. I think development has just started and we'll see fantastic advances in bio-informatics, solar power, 3D printing and a number of other fields in the upcoming decades.
When I was a teenager, I pirated music. I seriously hope my children pirate gourmet cheeses and burritos as teenagers. I download apps that organize my notes. May they download the bio-app that lets them dunk from the free throw line.
- dragonwriter 10y ago"Developed" is a relative term (more fully, it would be "More Developed"), not a statement of completion (this is somewhat confused by the currently-accepted alternative, "developing", but it was more clear with the more accurate, previously common, alternative "Less Developed".)
- coupdetaco 10y agoBut we live in the best of all possible worlds!
- ommunist 10y agoHave you visited other possible worlds?
- choosername 10y agoall of them, that's still nil though.
- ommunist 10y agonil has very interesting qualities.
- choosername 10y agoNothing has no values. Nil is nothing thoug, or what properties should it have?
- aminorex 10y agoIt noths. With vigor.
- iloveluce 10y agoDon't be so Candid
- philovivero 10y agoI thought it was Chumscrubber.
- dredmorbius 10y agoThe question being, is that what I believe, or fear?
- amaks 10y agoUS is far from finishing deveping, fortunately or unfortunately. Take trains, for example, area where US is far behind China, Japan, or European countries, despite the size of its territory. I'm sure there are other examples.
- Cyph0n 10y agoTransportation in general is weak in the US compared to other countries.
- nerfhammer 10y agoTangent, but the US freight rail networks are much better than Europe. US is good at freight rail and bad at passenger service, Europe is vice versa.
- xiaoma 10y agoActually, I find Europe's passenger service uninspiring compared to Japan or especially Taiwan.
- reddytowns 10y agoTaiwan's trains are subsidized
- xiaoma 10y agoSo are Japan's. The idea isn't to get a profit off of tickets vs operating costs. The idea is to improve the efficiency of the country and economy. It's an investment. If the US had a similar political climate the east coast would already have high speed rail from New York to Miami.
- nerfhammer 10y agoRail needs to be profitable, but roads certainly don't. For some reason.
- Bombthecat 10y agoWho will be able to buy that stuff? I'm not seeing the end is nigh unemployment rate. But it will definitely get worse... With the dropping off potential buyers you reduce the possibility for increased profit. Sure you can just increase the margin ( and I think that is what we will see more ave more I future) but that growth is also limited. New markets will emerge and make profits. But economics as a whole will shrink.
- turar 10y ago>> If the US has, in fact, "finished" developing, then the future of the S&P will be bleak. Most of S&P are global corporations. They're considered American simply by virtue of having headquarters in the US.
- dredmorbius 10y agoThis only shifts the question as to whether or not the rest of the world can emulate the growth of the United States, and if so, where specifically and to what extent.
- Evolved 10y agoHe probably means "developed world" as compared to third-world countries. I agree, though, that the U.S. have not finished developing but have instead just begun developing except on a new frontier now.
- dredmorbius 10y agoI'd suggest taking a look at Robert Gordon's The Rise and Fall of American Growth. Gordon's coverage of past technology and both the mode and extent of impacts, and of recent developments, including information technology medicine, and other areas, is sobering. And that's despite disagreeing with Gordon fairly strongly in a number of other areas. Vaclav Smil and Manfred Weissenbacher both have excellent books describing the impacts of technolgy, and especially energy, on history. I strongly suspect that's the most significant component. Gordon's book is part of a larger series much of which addresses the question of why concerning the Industrial Revolution and the absolutely unprecedented growth of the past 250 years or so, much of that occurring only in the 20th century. It's hardly the only treatment of that phenomenon, but I do agree with Gordon, and others, that it's perhaps the most pressing question, still unanswered, of economics.