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There are some reasons for US economic power (e.g. WWII) but the main reason is companies got larger and more successful than elsewhere because until China it w
by Uchikoma 14y ago
There are some reasons for US economic power (e.g. WWII) but the main reason is companies got larger and more successful than elsewhere because until China it was the largest domestic market.
Successful companies attract money, money attracts people.
- Jach 14y agoDon't forget the very important fact that in the US companies are allowed to get massive (modulo a few antitrust cases) and keep their profits, of which there is no artificial limit. Both the companies and the citizens are, to a large extent, left unmolested by the government. This is not the case everywhere. There are many other factors as well.
- Uchikoma 14y agoGranted by view is limited, but I'd assume companies are allowed to get massive in the UK, France, Germany, Italy, Japan and elsewhere too. What these countries lack is a large domestic market - with Japan the second largest, and Japan the second largest economy for most of the 20th century after WWII. The UK was large when it had the empire as a domestic market.