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The US has also gained immense power through growth in other sectors like finance/banking/insurance - the biggest sector in terms of US GDP. The second biggest
by derriz 4y ago
The US has also gained immense power through growth in other sectors like finance/banking/insurance - the biggest sector in terms of US GDP. The second biggest sector - professional/business services - also allows the US to project immense power - particularly when combined with the fact that the US dominates global banking and finance.
Looking at a table of US GDP by sector, what rebalancing are you suggesting would increase the ability of US to project power globally? For more Americans and US capital to be involved in manufacturing, some other sector will have to shrink. And manufacturing is already the fourth biggest sector.