High costs of basic necessities like housing, internet, healthcare, etc. (expected to only go higher) Everyone wants high paying jobs and labor shortage in low paying ones. Political extremism. Left extreme for a few years and then right for a few. Everyone wants to cancel and don't have patience to listen/discuss. This will only get worse as time passes. Overvalued firms and useless tech that most other nations would consider proliferation or non-value added. (Ex: world wouldn't change 1 bit if Snapchat/Huffington post didn't exist, Snapchat/hpost/vice/buzzfeed would've been worth a lot less if it was founded in any other nation.) Shady legacy (healthcare, military, diplomacy, etc.) Freebies and reservations will become more common in future. It's only downhill from there. Immigration influx will continue but the intellectual quality of intake will only get lower as previously wages weren't as high in the developing world which is now catching up with better opportunities. Capital outflow will increase till dollar reigns. Dollar reign will stop in the next few decades (before my generation ends for sure), weve already seen rise of crypto and how Russian ruble was almost unhurt by any western sanctions. The USD will slowly lose status as defacto currency for International trade. Developing world will accelerate pace of innovation, exporting high tech less n less in coming decades. For low tech goods, it's already a known fact that counterfeits or better products are available in these economies. Trade balance will skew unfavorable for US. Drug and substance abuse is only getting worse. Mental health is a critical issue. Increasing censorship and limitations or rules around speech. Guns LMAO Productivity in most industries has hit a point where the amount of effort required to push for double digit improvements negates any benefit the improvements bring. Physics and chemistry have slowed down productivity growth in many industries. These are very hard problems to solve and will take time. TC: 280
There’s really no significant left extremism in American politics. There’s only a handful of municipal officeholders that have it.
Add to this: people who don’t post TC <shudder>
Fixed it
If this was about another country, it would be flagged
This shows you’ve never lived elsewhere for an extended period of time in the past decade. The rest of the world isn’t all that different. Different shades of the same shitty flavor.
Virtually all important innovations will come from US or China. Think about health/biotech as an example.
I would remove "or China". China just gets the innovations and manufactures them.
Overvalued tech is currently being fixed by the market, proof that it’s well functioning when the fed doesn’t act crazy Snap is useless but so is TV. It’s just another stupid media. TV has been around for a long time and not just in the Us
The level of uselessness is quite drastic when you compare TV to Snap. Rethink
I have snap and instagram, I don’t have TV. I actually never had TV. Rethink too
What left extremism? Biden & pelosi would be conservatives in any other country
Another truth. I suspect that OP is either American or brainwashed af to believe that there is left extremism in the US
In California, there has been massive homelessness crisis which is a direct cause of letting people steal up to $960 dollars. That problem is destroying world class cities and the local economies because the cities on the west coast are no longer walkable and small business can’t serve their customers as a result of endless crimes and defunded law enforcement.
Russian ruble wasn't "almost unhurt" by western sanctions. It's stronger now than it was before the war. Go look at forex charts.
Isn’t it artificial since you cannot transact at this price
You can. USD -> BTC -> RUB.
To agree to it, I needed patience to read. Please edit to add a TL/DR.
Now translate this to Russian/Mandarin and they will love to enjoy yet another sorry of the fall of U.S. economy they have been predicting every year for the last 200 years.
As I said, too much labeling. If I present an alternate view it will be categorized as Russian or Chinese views, why not deny what I said above and present your alternative?
U.S. is the greatest economy in the entire world compare to the rest of the society. We have made a few mistakes like dropping the gold standards or overvaluing companies. However, that’s still not a big deal compared to world hungry and massive poverty across the globe.