*Primere non nocere
2 DAYS AGO
Aside from things already mentioned about US capital markets’ strengths, US dollar is the most desirable instrument not because rivals are too weak but
There is will among EM middle class to educate/migrate their kids to USA
USA has the most potential for innovation hence products with pricing power (really, what did China, Russia, India or Europe put something totally new in place for the last 78 years???)
US Navy/Army is unrivalled. Gulf countries know all to well that their very existence depends on US security guarantees
This article all sounds like “Japan taking over the world” mania during late 1980s. It was a craze almost a hallucination. We know how it ended, Japanese living in tiny houses, banks allowing zombies to survive
Dollar (USA) losing its dominance can be at most transitory. Factors which made US a great place to emigrate hasn’t changed at all*
I mean this bit’s not far off. There’s loads of room to innovate with public healthcare, efficient and affordable public transport and housing, accessible education, and enfranchisement.
really, what did China, Russia, India or Europe put something totally new in place for the last 78 years
Okay now them’s fighting words. If they said Russia and 30 years (the length of time the current federation exists) there may have been some wiggle room. But the entire period after 1945? Seriously? I’m guessing it is one of those “USSR and China stole everything from USA, including things USA never had” types.
This comment in the link is heavy on copium:
This article all sounds like “Japan taking over the world” mania during late 1980s. It was a craze almost a hallucination. We know how it ended, Japanese living in tiny houses, banks allowing zombies to survive
Dollar (USA) losing its dominance can be at most transitory. Factors which made US a great place to emigrate hasn’t changed at all*
I mean this bit’s not far off. There’s loads of room to innovate with public healthcare, efficient and affordable public transport and housing, accessible education, and enfranchisement.
Okay now them’s fighting words. If they said Russia and 30 years (the length of time the current federation exists) there may have been some wiggle room. But the entire period after 1945? Seriously? I’m guessing it is one of those “USSR and China stole everything from USA, including things USA never had” types.