Has America Lost Her
Economic Greatness
 See Has America Lost Her
International Greatness

Updated 12/23/18   
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US Economy Dominates According to Political Economist by Ian Bremmer

 		 
 
U.S. Dominates With
Eight Largest Tech Companies

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

Deep and Efficient Capital Markets required for a dynamic economy

Technology Innovation Tops
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.

 

  
 

See Has America Lost Her Economic Greatness?    Political Economy Quick Videos     videos 2

  

Leading Where it Counts

 

Economic Wellbeing Up

All Workers Are Better Off
Market Income + Transfer Payments
 - Federal Taxes In Thousands  source 

  1st
 		 2nd
 		 3rd
 		 4th
 		 5th
 
1979 7.7 19.1 26.6 35.7 78.5
1989 7.4 19.3 28.7 40.3 104.3
1999 8.7 22.3 32.7 46.2 139.3
2007 9.3 24.4 36.0 51.4 166.9
  Δ 1.6 5.2 9.4 15.7 88.4
%Δ 21 27 35 44 113

See Economic Wellbeing and Economic Growth
We are Safer 

1960 to 1990 Crime Up 400% then down 50%
Source disastercenter.com/crime/uscrime
Year Crimes/1000 Increase % Change
1960 161     But 1960's Were
a Tough Time.
1970 364 203 126
1980 597 233 64


Long Economic Moderation Helped Lower Crime.
 
1990 731 134 22
2000 507 -224 -31
2010 405 -102 -20

Improvement Continued Despite the Great Recession.
2014 376 -29 -7

Better Safety Net 
 


 

 

Poverty is Down
 


Why is Poverty Controversial?     e-mail the author antonw@ix.netcom.com

 

Science Continues to Improve Health

 

Source Child and Youth Well-Being 
See Will Stagnate Median Income Hurt Our Children.htm

We Spend Less On Necessities Source
 


Americans- Forget How Good They Have It

Household Appliances Cost Per Hour Worked Down 85%  source 
 
11 Household
Appliances		 Price
1959 		Hours Worked
@$2.09		 Price
1973		 Hours Worked @$3.95 Price
2016		 Hours Worked
@20.13
Washing Machine $210 101 $285 72 $480 24
Refrigerator $350 168 $370 94 $500 25
Coffee Maker $23 11 $37 9 $30 1.5
Vacuum Cleaner $95 46 $90 23 $140 7
Color TV $267 128 $400 101 $250 12
Totals $945 454 1182 299 $1,400 69.5
Percent Decrease     (454 -299)  ÷ 454 =  34% (299 - 69.5) ÷ 299 = 77%
Numbers Rounded    Editor's Note: Since 1957 the cost measured in hours worked has dropped 85%

See Life of American Workers in 1915 from BLS  is quite deplorable and Trans Pacific Partnership Currency Manipulation Trade and Jobs shows a large loss of jobs with not attempt to quantify their value added (wage).

 

US Produces a Lot

U.S. Real Rich Get Lots of Money

1993 - 2013 berkeley.ed

 

It's Accumulating

Houses Getting Bigger

 

 

"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).

Dr Goldstein went on to look at how the prices of these drugs measured up in terms of affordability. To express this he calculated the monthly price as a percentage of gross domestic product per person at purchasing-power parity (GDPcapPPP).\

ACCEPTING THIS IS THE REAL TEST OF AMERICAN GENEROSITY

 

cacer-drugs-cost-more-america-elsewhere-may-be-just-priced-out

 

See Recent Decades Ranked by Problems 2p

 

"oops"