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The US does not have supply chains to to dominate anymore. Even if China's authorianship is a massive issue for everyone except CCP, they have the manufacturing
by miohtama 3y ago
The US does not have supply chains to to dominate anymore. Even if China's authorianship is a massive issue for everyone except CCP, they have the manufacturing base. No one can compete. It's almost twice as United States where, as the article points out, capital is allocated to inefficient stock buybacks.
Top 10 manufacturing countries in the world
China – 28.4% Global
United States – 16.6% Global Manufacturing Output
Japan – 7.5% Global Manufacturing Output
Germany – 5.8% Global
Furthermore, the life expectancy in the US is nosediving. It has massive internal problems not only on the health of its people but political coherence, which needs to be fixed before the US can get back to the growth track.