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The US strikes me as having less aversion to financial risk than any other nation. It's how they get into trouble (economic downturn) but it's also how they pu
by symesc 17y ago
The US strikes me as having less aversion to financial risk than any other nation.
It's how they get into trouble (economic downturn) but it's also how they pump out true innovation.
The US also has an overall aversion towards the distribution of wealth. If you make money, you keep more of it there than in many other countries.
That attracts the people who want to be financially successful. And when you have more of those people around, the more likely something good is going to happen.
Go big or go home? They live it.
Clearly they have societal issues, but the US is a great place to be if you've got money and talent. If you don't have those things, live somewhere else. . . .