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The claim here is that the tech innovation is occurring in the US. It adds value globally, but most of the profits from that value are being realized in the US
by roflc0ptic 2y ago
The claim here is that the tech innovation is occurring in the US. It adds value globally, but most of the profits from that value are being realized in the US b/c the innovation is by US companies.
There’s no natural law that says technical innovation must occur in NA, but due to contingent historical conditions, it is occurring here. Thus, the gains are being realized in the US stock market b/c it’s the one capitalizing the winners.
- jebarker 2y agoI see, thank-you for clarifying.
- dingnuts 2y ago>It adds value globally, but most of the profits from that value are being realized in the US this is contradictory. profits are added value. if value is added globally, there are extra profits (likely as cost savings by other industries adopting tech)