4 ms·
This piece is lacking in details about non-manufacturing, non-agricultural output, with the obvious exceptions of finance and real estate. Completely lacking i
by rm_-rf_slash 10y ago
This piece is lacking in details about non-manufacturing, non-agricultural output, with the obvious exceptions of finance and real estate.
Completely lacking is any assessment of American economic juggernauts: high-tech (like Silicon
Valley) and culture (like Hollywood). Both represent industries that are very very hard to replicate because they require immense talent ecosystems. You can't simply cut taxes and labor costs and get a Hollywood - with massive global consumption - out of nowhere.
America is very safe in these kinds of industries. Typically when other countries develop their own they either end up with extremely niche products (like India's Bollywood) or bland products with little real mass appeal (quick, think of the last Chinese movie you enjoyed that wasn't Ip Man).
- dmoy 10y ago> quick, think of the last Chinese movie you enjoyed that wasn't Ip Man Lost in Thailand. Hilarious slapstick comedy.
- varjag 10y agoProblem is this view makes 90% of American population and territory redundant. You can just substitute 'America' with 'California' and that won't alter the sentiment at all.
- arcanus 10y agoFinance in NYC Oil refining and seismology in Houston Biotechnology in Boston The USA absolutely has a series of high tech clusters outside of California that are globally competitive.
- Animats 10y agoAmerica is very safe in these kinds of industries. Baidu. Tencent. Foxconn. Didi. Think of the last Chinese movie you enjoyed that wasn't Ip Man "The Great Wall"
- bejerron 10y agoWhat about weechat? or Indian cheap rockets, what about Toyota cars?, just to name a few.