3 ms·
We have plenty of capital here. Far more than China. The problem is the capital cannot be put to good use here. Either because (1) there's too much uncertaint
by IG_Semmelweiss 1y ago
We have plenty of capital here. Far more than China.
The problem is the capital cannot be put to good use here. Either because (1) there's too much uncertainty around project progress (think oil pipelines stuck for decades in permitting limbo), or (2) the ROI doesn't work when you pay insanely high bloated compliance costs of hiring US staff.
Even our sky high productivity cannot overcome the large lard deadweight each of us has to carry, on behalf of the elite class
I remember a time when every product sold around the world carried the "MADE IN USA" brand. It included random trinkets.
That would come back quickly, if we all decided we had enough of antiwork laws, enough with all the deadweight, and focused on building instead of regulating.