3 ms·
Please note that a lot of that dominance comes from a privileged position of being the only developed country in the world that wasn't devastated by endless str
by foxyv 4y ago
Please note that a lot of that dominance comes from a privileged position of being the only developed country in the world that wasn't devastated by endless strategic bombing during World War II. This led to the dollar becoming the reserve currency for the world, turbocharging its industry, and securing advantageous trade deals. In addition it is surrounded by allies, allowing it to safely engage in wars abroad to project economic power.
The US is struggling to keep this lead and will probably have difficulty maintaining it for another 10-20 years. That is, unless Asia and Europe decide to have another stupid war for some awfully stupid reason. Even then, it is unlikely the US would remain unscathed in such a case.
The culture of the US is often touted as its primary reason for success, but there is a great deal of doubt about this.