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by kaonashi 1810 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.
1 comments

>...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...

that's mostly due to financial bailouts.

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