America is Great not only because of its Constitution and its Federal Government, America is Great in the realm of its "Private Industry". In other words, America is Great in both the "public" and "private" sector environments. No other country (or combination of countries) in the world can make the same statement. No other country or countries in the world can even come close to making that statement.
And this Greatness of the "industry" in the United States did not start with Donald J. Trump--no way, no how. American industry has been great for many, many years now and it only has become greater in the world of globalization, whose beginning i sometimes tie to the beginning of the Bill Clinton Presidency. I can even remember the push towards globalization with Clinton's first Commerce Director, who happened to die early in his administrative effort.
How good is American "industry"? Well, i like to look to see where global "investors" put their money when i evaluate countries and their industrial influence. Today, every investor of the world can invest their hard-earned surplus funds anywhere in the world. That's a fact. The next dollar, yen, pound, etc. that is made available can be invested anywhere the investor chooses. Nothing can stop that. It's part of what is called "financial theory" folks and when you look at the industrial market at any given time you will see the summation of the universe of investors' thoughts at that given moment.
Ok. So, what do the industrial market numbers show? It shows that the companies of the United States of America dominate the companies of the rest of the world! And i mean dominate! If you look at the market value of the 2000 companies that make up what is called the Global 2000, you will discover that companies in the United States account for more than 50% of the entire market value of the Global 2000.
That is not a typo, folks. United States companies currently account for more than 50% of the total market value of the Global 2000. Let that sink for a while. More than 50%. More than all the rest of the global community of nations outside of the United States combined together. The following chart (exhibit) shows this.
I would also like to make the point that the United States' companies that account for the above numbers have been in existence long before Donald J. Trump ever thought about his "making America great again". Donald J. Trump's bogus companies (which in fact, probably have zero market value) add nothing to the above mix. Donald J. Trump had nothing to do with the rise of American Industry. Shit, believe it or not, America did not become an Industrial and Technology giant by building gaudy "country clubs" around the world. Instead, it grew to its dominant status because of the strength of its Federal Government and the somewhat laissez-faire approach that Government takes towards monitoring American Industry.
American industry is so great and so dominate that "globanomics" proposes restricting that dominance! Give that some thought when you get a chance. Globanomics proposes to constrain American Industry so other countries can compete with us! We had to do this in globanomics in order to keep at least some "industrial and technical balance" around the world. Globanomics believes the United States needs the rest of the world in order to bring peace and prosperity to it. Globanomics does not believe one-single country should make all the decisions without an equalizing input from the rest of the world.
Look at the above graph and look at the trend lines. Without future restrictions what do you think the above graph would look like in the year 2050? I know what it would look like without restrictions. I hope you do, too.
Now let me show the above graph in a different way--by different "business sectors". The following chart does this for you for the last of the data points (Year 2022).
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Now what do you have to say about the above charts. How can anyone claim that America is in decline with the kind of data that i have just showed you? How?
Oh, but there is China, Jim. Really, i say back to you. The above charts don't show China being a threat to the industry and technology of the United States. In fact, it shows quite the opposite. And if you would pay any attention today what is going on in China, you would actually understand what i have been telling everyone for a long time now. China is a Paper Tiger when it comes to industry and technology. China is an also ran in the world of Business. Not only in my eyes, but also in the eyes of the entire lot that makes up the global investor community.
And with the United States new laser focus towards semi-conductors, new battery technology, environmentally safe energy (including solar, bio, wind, etc.), and space--the United States will continue to dominate the world of business, finance, industry, and technology.
I could go on and on regarding this subject, but like we all know a "picture is worth a thousand words". And the above two graphs provides a picture worth a lot more than that. And not a single one of those words would say that America needs or every needed to be made Great again. In fact, the above pictures show quite the opposite. America has been Great and it is only continuing to become Greater.
Screw those who think or thought otherwise.
Great read.