Starting in the 1980s, US firms provided the logistical, financial, legal, and technological infrastructure to an increasingly wired, interconnected world. Much of this advance would be what we now call innovation. And it delivered staggering results.
Lowering taxes, the argument goes, allows businesses to invest, innovate, and grow. Logically, it makes sense. But is it true?
The world population will continue to grow. Our energy needs will continue to increase. More people will need ever-more energy.
In a society where everything is political, perhaps someone should take up the unsexy but all-important cause of socioeconomic decay.
Gross Domestic Product (GDP) is a common way of measuring a country's economy. In 2018, US GDP was roughly $20 trillion. China's was $13 trillion. Japan was next at around $5 trillion.
"Unemployment Rate, at 3.5%, drops to a 50 YEAR LOW"
Productivity isn’t everything, but in the long run it is almost everything
Work means more than a job.
Markets hate unpredictable volatility. Donald J. Trump is extremely volatile. By the laws deductive reasoning, markets hate, well, you get the point.
Strength is a relative – not absolute – concept. To measure strength, someone must be stronger than someone or something. Countries must be stronger than other countries.
The real secret to growing an empire? Turn would-be competitors into mega buyers and distributors.
Picket fences – and all they represent – are just another example of the two forms of American capitalism.