4 ms·
> One of these two countries is riding on momentum, but the drag from waste and mismanagement of resources is increasingly slowing it. The other country is buil
by TacticalCoder 7mo ago
> One of these two countries is riding on momentum, but the drag from waste and mismanagement of resources is increasingly slowing it. The other country is building momentum while reducing drag.
Let's not stop at the two biggest economies: the US and China. Let's add the EU to the mix. The EU saw, inflation adjusted in USD, hardly any growth since the 2008 financial crisis to now. While both the US and China's GDPs grew like crazy.
I agree that China atm is doing something very right but if you believe the US not on a good path, you should look at the EU. The EU has nothing but one company left in the top 50 of the biggest worldwide companies by market cap. Not that long ago the UK was the world's first superpower and France just before that.
And now my EU is headed on a path leading to third-worldness.
The times they are a changin'.