> If one removed the country names and just looked at where investment (focus, planning, and money) was, we would see two greatly different pictures.
> ...
> The difference in these approaches will be obvious in a decade, and in two decades one of the two countries will be just another chapter in a book about the rise and fall of empires.
The interesting question is: why. I'd say the US ultimately will be judged to be another victim of the "shock doctrine" (in its case, the China Shock). In other words (at least in a democracy): letting the economists and libertarians run wild with the economy will create a backlash that will ultimately weaken it.
The supposedly smart people in charge needed to pay less attention to their pet theories, and way more attention to the common people. They didn't, and this is the result.
> ...
> The difference in these approaches will be obvious in a decade, and in two decades one of the two countries will be just another chapter in a book about the rise and fall of empires.
The interesting question is: why. I'd say the US ultimately will be judged to be another victim of the "shock doctrine" (in its case, the China Shock). In other words (at least in a democracy): letting the economists and libertarians run wild with the economy will create a backlash that will ultimately weaken it.
The supposedly smart people in charge needed to pay less attention to their pet theories, and way more attention to the common people. They didn't, and this is the result.