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How Britain Became as Poor as Mississippi (www.theatlantic.com)
submitted 3 months ago by to c/unitedkingdom@feddit.uk
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[–] 2 points 3 months ago (1 child)

This is exactly it. The American economy is riding on a semi-permanent high of being the dominant economic power of the entire world, especially since the USSR fell. They maintain this with a combination of military power and economic power, projected globally.

Copying that simply will never garner the same results

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  • [–] [S] 2 points 3 months ago

    I think one can further break down "economic power" between industrial strength, control of the largest financial (stock, bond, futures) markets, and control over the de facto global currency.

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