I am Southpaw and that as left as I go. America is a capital intensive country which is why labor intensive jobs have increasingly gone oversea’s. On the other hand we are the world leader in capital intensive digital jobs. This shift from labor leader intensive manufacturing to capital leader intensive work has created a huge income gap in America.
Warren Buffet is correct that their is a bright future for the digital world leader but that will take money. Europe is not a digital leader because of how much capital their governments take in taxes. America is headed for the European tax model and combined with the West’s debt levels will make it extremely difficult to maintain whatever lead they currently have.
And that is all I’m going to say about that!