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One reason we are in decline is that for better or worse, our own people are a bit too mercenary for our own good. We have built giant multi-billion dollar corp
by programminggeek 13y ago
One reason we are in decline is that for better or worse, our own people are a bit too mercenary for our own good. We have built giant multi-billion dollar corporations, which in theory should make us incredibly more wealthy and powerful, but they are no longer American companies, they are global entities that operate in a multitude of countries.
The jobs and profit don't necessarily stay in the USA either. In many cases the best place to hire workers or produce goods or services is not the USA. There are thousands or millions of talented people elsewhere who can do it better for cheaper and the profit that happens off of the difference is not going to come back to the USA.
If you think in terms of the "global" economy, there is no particular reason why the USA would have to stay #1 forever. Without significant effort, it is almost impossible to imagine how America stays on top for the same reasons that it is hard to believe that either Portugal or Great Britain could maintain such large empires from such tiny countries with limited resources.
I don't think USA goes from #1 to #50 overnight, but dropping to #3 or #5 seems plausible.