4 ms·

True but it helps that: - all US states all speak the same language - US got oil - the dollar is the reserve currency The USA has multiple advantages, not j

True but it helps that: - all US states all speak the same language - US got oil - the dollar is the reserve currency The USA has multiple advantages, not just one. Given the potential for wars this day, being surrounded by mostly ocean may also prove very useful as well.

mrguyorama 3y ago
There's also the fact that pretty much every useful technology from WW2 ended up being made by dominant industry in the US, because everyone else was rubble. Silicon Valley was Silicon Valley before FAANG
- ChuckNorris89 3y ago
  Airbus came much later than Boeing and managed to be a worthy global competitor. US being first was no advantage for them in the end. Europe missed tech not because they were not the first (China also wasn't first), but because they ignored the growth and importance of this sector for decades, and still do.
  - BiteCode_dev 3y ago
    Which makes it even more impressive. But I can tell you as a French, not having any natural resource and an economy mostly based on services in today's world is not making me bet on a bright future for us.
    - ChuckNorris89 3y ago
      I saw there's still plenty of manufacturing in France, not just the service industry.
mafribe 3y ago
China had none of those advantages, and overtook the EU already in many high-tech industries. Indeed, Europe had none of those advantages when it rose to Number 1.
- BiteCode_dev 3y ago
  China has over advantages, like have a sixth of the population in the world, having massive mineral and coal resources and being the factory of Europe and the US. Baring a miracle, my continent has nowhere to go but down. We have no metals, not fossil fuels, massive debts, an expensive lifestyle and few industries that cannot be copied elsewhere. Post covid and the ukraine war, we are in deep, deep trouble. Politically the extremes are rattling more and more, and they may very well win at some point because things are looking bleak.
  - groestl 3y ago
    Of those, only the resources are an inherent problem, and I'm not sure if it's really that bad if you take a continental perspective. I think you need to take a step back, and look at production of goods, technology, and services, not at money flow. In the end, getting rid of debt is just one default away, and that's a political decision. The Chinese exploit their resources and work hard - good thing they invest at home and in their military, because otherwise they might never get something back for their troubles.

mrguyorama 3y ago

There's also the fact that pretty much every useful technology from WW2 ended up being made by dominant industry in the US, because everyone else was rubble. Silicon Valley was Silicon Valley before FAANG

ChuckNorris89 3y ago
Airbus came much later than Boeing and managed to be a worthy global competitor. US being first was no advantage for them in the end. Europe missed tech not because they were not the first (China also wasn't first), but because they ignored the growth and importance of this sector for decades, and still do.
- BiteCode_dev 3y ago
  Which makes it even more impressive. But I can tell you as a French, not having any natural resource and an economy mostly based on services in today's world is not making me bet on a bright future for us.
  - ChuckNorris89 3y ago
    I saw there's still plenty of manufacturing in France, not just the service industry.

mafribe 3y ago

China had none of those advantages, and overtook the EU already in many high-tech industries. Indeed, Europe had none of those advantages when it rose to Number 1.

BiteCode_dev 3y ago
China has over advantages, like have a sixth of the population in the world, having massive mineral and coal resources and being the factory of Europe and the US. Baring a miracle, my continent has nowhere to go but down. We have no metals, not fossil fuels, massive debts, an expensive lifestyle and few industries that cannot be copied elsewhere. Post covid and the ukraine war, we are in deep, deep trouble. Politically the extremes are rattling more and more, and they may very well win at some point because things are looking bleak.
- groestl 3y ago
  Of those, only the resources are an inherent problem, and I'm not sure if it's really that bad if you take a continental perspective. I think you need to take a step back, and look at production of goods, technology, and services, not at money flow. In the end, getting rid of debt is just one default away, and that's a political decision. The Chinese exploit their resources and work hard - good thing they invest at home and in their military, because otherwise they might never get something back for their troubles.