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by themagicalyang 1809 days ago
US is the prime example of a capitalist ecosystem. I would argue that this is what made US the superpower it is today.

So to do away with it goes against everyone who enjoys the benefits of the system in US. Those who enjoy the benefits are also those in power.
1 comments
kaonashi 1809 days ago
The US gained its advantage during the 40s-70s, when the government sector was a much larger percentage of the economy. We've been coasting on the efforts of that period and are now losing ground to countries that have their act together.
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opo 1806 days ago
>...The US gained its advantage during the 40s-70s, when the government sector was a much larger percentage of the economy.

The government sector is larger now than pretty much anytime since the end of WW II.

The US gained its advantage when it was the only industrialized country that wasn't devastated by WW II.

https://taxfoundation.org/short-history-government-taxing-an...

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kaonashi 1805 days ago
that's mostly due to financial bailouts.

https://fred.stlouisfed.org/graph/?g=8fX

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