> America contains 5% of the world's population yet remains a leader with 20& of the world's economic output
So what? Most first world countries earn about similar amounts per capita as the US.
> The American markets dictate what overseas markets due on a daily basis
To some extent this is an interpretation. The story that people (such news reporters) tell to explain the day's trading. However it is a fair interpretation at the moment.
Dominating the world economy with only 20% of the worlds output is surely an impressive feat. But doesn't that make it even easier to see why it may not continue? If that 20% has a serious malfunction and has been relying on credit from the other 80% then don't you think portions of the other 80% are going to start asserting more independence?
If you think that the US will be able to continue to dictate economic terms to the world you are in for a rude awakening.
Comments
> America contains 5% of the world's population yet remains a leader with 20& of the world's economic output
So what? Most first world countries earn about similar amounts per capita as the US.
> The American markets dictate what overseas markets due on a daily basis
To some extent this is an interpretation. The story that people (such news reporters) tell to explain the day's trading. However it is a fair interpretation at the moment.
Dominating the world economy with only 20% of the worlds output is surely an impressive feat. But doesn't that make it even easier to see why it may not continue? If that 20% has a serious malfunction and has been relying on credit from the other 80% then don't you think portions of the other 80% are going to start asserting more independence?
If you think that the US will be able to continue to dictate economic terms to the world you are in for a rude awakening.