USA - world leader - Yes? Why?
Something I’ve been thinking about for a bit, and want to see others thought process. Facts: USA has been and continues to be a leader of the world in a lot of industrial areas. Most large trends start in US, and majority dominating players tend to be in US. Some examples - 1) computers with Apple and Microsoft in US 2) e-commerce with Amazon, 3) cloud with Amazon and Microsoft, 4) search with Google, 5) social networking with Meta, Twitter, 6) smartphones with Apple, 7) work software with Microsoft, Slack, Salesforce etc., 8) streaming by Netflix, 9) Chips with Intel, Nvidea, 10) rideshare with Uber and Lyft, 11) now AI by OpenAI. Even outside tech in wider industrial area same pattern has been there - overall Hollywood, aerospace with Boeing, food with McDonald and Coca Cola. Sure there are exceptions - consumer electronics by Samsung, LG, Sony; cars by German and Japanese; music by Spotify (swedan). But the majority seems to be in US, and it tends to be getting more majority than earlier. The main areas where ROW leads are staying the same, while new ones are almost all started and dominated in USA. Observation: In corporate USA I’ve observed - either as 1st person experiencing or as 2nd person listing to folks, or as 3rd person observing - that corporate culture is a lot more about politics/bureaucracy and ‘busy work’ than about actual work. Very few want to do the right thing, and typically processes take over. Blind is full of it, no matter the company (maybe slightly different degree of it per company, but uber point is, this is prevalent across corporate America). Overall, IMO companies are like 10% productive of what they can be. So what makes it work in large scheme of things? Do folks in other places like Russia, European countries, India, China not have grand vision and execution? Seems unlikely, esp given a lot of the folks in American companies are immigrants from other countries. On the other hand, some other countries have far better discipline, for example in Russia and Japan. That should lead to much less productivity loss from the bureaucracy. So, what is it? Is it the ecosystem of opportunities and innovation? Or is it that freedom of expression and democratic ways trump in grand scheme of things? Or something else? TC: 450k
Love the holistic view. One thing I would also say that for a very long time, the US had free labor in terms of slaves with gave the US leg up to strengthen the economy, it's dollar and eventually military. The US have led the way in the innovation for centuries and also their mantra of join em if you can't beat em (due to being rich) helps augment their competion instead of crushing them
Startups innovate. Big companies politic and incrementally improve existing stuff.
No need for all those paragraphs. USA has the biggest and best free market in the world. That’s why it is number 1.
USA is where the best of RoW goes, plus the largest free market
It Is all about the money. US has strong rule of law which translates into free market investments attracting the best talent and from infrastructure standpoint have had close to 200 years of development with nothing existing prior. Last point - in the last 100-150 years, we have had some phenomenal leaders compared to other countries.
India have too much religious discrimination and shit. And China has Xi Jing ping shit China government controlled media and how people think about China and everything from fake news And historical. They did not focus on tech. Wanted so much about rules and liberal art and religion
Innovation needs a place people want to invest in, with the potential to make big bucks, and ability to pull in cream of the crop from other nations via immigration. US for all of its faults is still the leading capitalist democracy that provides all of the above.
Makes sense
And the safest place on the planet for investors