It’s been well over a century since the American Industrial Revolution that put the USA from about fifth place to first in industrial power. Since then not much on that front, which allows any other country to follow a similar path and end up in a competitive position. If the USA wants to regain its former overwhelmingly dominant position it will need another Economic Revolution. This could be done quickly and strongly by Repealing the Treaty.
“If the USA wants to regain its former overwhelmingly dominant position it will need another Economic Revolution”
- I’m not saying it’s impossible, but what could be done?
I sure would like the US to find its way back to the values that once made USA great, but at the moment there seems to be too much of division and hatred among different categories of US citizens.
I really hope I’m wrong. A strong, united USA will benefit every other nation on Earth.
What countries will enjoy the most of economical development in the coming decade or so?
There are many nations around that have aquired a taste for competition and economical progress. The Eastern European nations are one such example.
The US will remain the single most prosperous and influential nation for many years, but I think big changes are to be expected especially in Eastern Europe. People in Eastern Europe are very Capitalist friendly and the will to work hard is widespread.
Furthermore, Europeans in general are becoming more and more tired of Socialism. Look to what happened recently in Swedish, German and French elections.
Europe has become a more Conservative, Capitalist friendly part of the world during the last year. And soon, the Tories will come to power in the UK...