Ugly US Economy Wins “Least Ugly Economy” Beauty Contest

By some measures, the US is neither the most productive economy nor the most innovative per capita. The US government is mired deeply in exponentially expanding debt, and US society is undergoing a demographic decline of a dysgenic nature. And yet a growing flood of foreign money is pouring into the US, and there is no sign of any slowing in foreign investment. In the global quest for a safe haven there is a perception that as bad as the US economy has been, every other economy in the world is worse.

Since the 2008 financial crisis foreigners have been big buyers of everything American… Foreign investors yearn for safety but also sense something else — that America may be poised for extraordinary economic achievement. __ Chapter 8 : A Nation of Dreamers
The Great Equalizer by David M. Smick


Roots of Innovation Source

Roots of Innovation

The more socialist and corrupt countries — such as Bernie Sanders’ darling Venezuela — stifle innovation and bedevil living standards at all levels besides the corrupt elites at the very top.

Even in the Ugly Obama Economy, the US Led in Foreign Direct Investment

The US leads all other nations in foreign direct investment, followed by Hong Kong, China, UK, Germany, Belgium, Switzerland, France, Canada, and Singapore, to round out the top 10. Source: Foreign Direct Investment Wikipedia

The US takes the leading position, not because the US system is so attractive, but because other systems are uglier.

But now, with the prospects of a significant overhaul in the US tax code along with several other US government policy changes meant to bring multinational investment and capital to the US, the chances of a significant boost in the outlook of the US economy are growing better.

The story below illustrates just one large venture capitalist who is poised to invest in the US economy, now that the tables are turning in favour of enterprise and commerce, for a change.

The world’s largest technology investor is preparing to ramp up his bet on the Trump economy.

Masayoshi Son, the billionaire technology entrepreneur from Japan, promised President Trump late last year that he would create 50,000 new jobs in the United States through a $100 billion technology fund.

Now, Mr. Son and his financial advisers are weighing several major possible deals… __ Source

Mr. Son is not alone in choosing to invest in an economic resurgence in North America. The reasons for Son’s investment optimism would be clear to anyone who had read just two recent books: Peter Zeihan’s “The Accidental Superpower,” and David Smick’s “The Great Equalizer.”

Optimism does not come easily to those raised on the tainted milk of jaded journalism and ubiquitous societal cynicism. But a steady diet of popular cynicism too often becomes a self-fulfilling prophecy, and one of today’s most insidious stunter of minds.

Cutting Through the Intentional Sabotage by Angry Sore Losers

The concern triggered by Trump’s election stems in no small part from the rise of what I call “Trumpology” – the incessant scrutiny of Trump’s personality, his statements, and his tweets. Trumpology is a new growth industry and the media embraces it because it fits their definition of a newsworthy story perfectly. Trump’s communications generate all the criteria journalists look for in a good story: conflict, anxiety, comedy, theater, and outrage. This helps media companies, even those attacked by Trump, sell advertising like hotcakes. Many experts now spend their time putting Trump’s words under the microscope, seeking to identify all the disasters they might create. In addition, psychologists have been busy analyzing his personality and upbringing in order to explain why he is acting so weird. __

Under Obama, US government spending raised the national debt to $20 trillion, more than double where it was when Obama’s first term began. Government spending profligacy was combined with anti-business policies which would have eventually destroyed the US economy — with only the well-connected elites at the very top of the system left relatively unscathed. To most observors, there seems no clear way out from this dead-end trap of exponential growth in government debt and spending.

The only way for the US to emerge from Obama’s avalanche of death-by-snowballing-debt is to create the conditions under which the private sector US economy can grow in a rapid but sustainable manner. If the incentives are properly set, the boom can go on — with occasional minor corrections — for decades. At the same time, US government regulations and spending must be put to the sharp scalpel and cut to the bone of bare necessity.

In addition, the US needs to surmount the political losers’ attempts to sabotage society and the economy. Here are some examples of how the current political opposition is marginalising itself:

Beware pepper spray in hands of deranged political agitators

Hyperbolic outrage backfires

With All the Violent Bernie Sanders Supporters Running About, Some Useful Tips

Stupid Outrage (via gunfreezone)

Analysis of Left’s mob violence at Middlebury, their fast track to irrelevance.

The more temper tantrums and misfires the leftist opposition attempts, the more marginalised they make themselves. Bad enough that they are abysmally ignorant of philosophy, economics, history, and evolutionary psychology. By diving headfirst into the shallow pool of violent destructiveness and uninformed belligerent activism, they freeze themselves at the lowest levels of ignorance and incompetence.

If the US left wishes back into the game, they will need to relent to constructive engagement, rather than their repeated attempts to blow things up and burn things down.

More on innovation and intellectual property index rankings:

Being Least Ugly is Cold Comfort

Escaping The Obama Curse Image Source

Escaping The Obama Curse
Image Source

By the criterion of adult work rates, by contrast, employment conditions in America remain remarkably bleak. From late 2009 through early 2014, the country’s work rates more or less flatlined. So far as can be told, this is the only “recovery” in U.S. economic history in which that basic labor-market indicator almost completely failed to respond.

Call it the “non-recovery recovery.” Obama never meant for the US to escape eternal stagnation, and under a President Sanders or President H. Clinton, it never would.

If the Trump administration receives sufficient cooperation from the Congress and the courts to unleash North America’s pent-up entrepreneurial energy and sequestered capital, the US may yet grow its way into another few decades of boom years, similar to what happened after the Reagan reforms, lasting two decades or so. Of course, one would need to actually read books with a solid knowledge foundation and an open mind to know what happened to turn the US around from the universal malaise of the 1970s to the optimism of the 1980s and beyond.

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