Has America Lost Her Greatness
Wellbeing
Approach
from
Election Issues 2016
See
Recent Decades Ranked by Problems 2p
US Economy Dominates According to Political Economist by Ian Bremmer
World’s Largest Exporter of goods, services, food
High Per Capita GDP eight times China’s
American companies are “leading the way” in breakout technologies like 3D manufacturing, artificial intelligence, Nano technology, cloud computing, robotics, big data, advanced material science
Source: Superpower:-Three- Choices for America Role in the World by Ian Bremmer See Capitalism Not to Blame for Perception of Middle-Class Plight
Why US Dominates?
Entrepreneurial Culture future oriented
Deep and Efficient Capital Markets required for a dynamic economy
Technology Innovation Second to None because the 465 billion dollars of RD in 2014 was 30% of world's total spending. US future is bright
Innovation example Our once dangerous dependence on foreign oil has disappeared thank as US companies reinvented how hydro carbon is produce with franking. This launched a global energy revolution with lasting global implications. Natural gas prices have recently dropped dramatically, by 2020U.S. could be world's largest producer. Editor's Note: An unintended consequence of this dominance is Oligopoly Power.Elizabeth Warren’s thinks Oligopoly power has decrease competition which is the foundation of Market System Capitalism.
"They found that the highest prices were, indeed, paid by Americans.
The median monthly retail price in the United States was $8,694 for
patented drugs like Avastin, Gleevec and Herceptin, and $654 for
generic drugs like docetaxel and paclitaxel. Of the countries looked
at, India paid the least for its patented drugs ($1,515 a month),
and South Africa the least for generics (a tiddly $120).
