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anon7725 | 6 days ago
Indeed. “Used to” is the key observation. In the wake of WW2, the U.S. had both dynamism and the ability and will to act collectively. This combination led to rising standards of living, the space program, Silicon Valley, the internet, etc.
The U.S. economy is still relatively dynamic, but the will to collective action has completely failed.
Europe can act collectively but lacks dynamism.
Which country, today, demonstrates both traits?
pear01|6 days ago
The question is about whether any of that can be meaningfully attributed to some lawyer vs engineer divide. Your question doesn't answer that in the slightest and thus I have no idea why you are asking it.
decimalenough|6 days ago
The US, on the hand, is obsessed with individual rights, and any sort of collective action that threatens those rights is extensively litigated.
This is really what Wang's thesis boils down to, and which of course it's an oversimplification, there is a kernel of truth in there.
KaiserPro|5 days ago
What america has been doing is subsiding engineering capacity in china. This was done because it created more profit for larger companies as they merged and eliminated costs. This higher profit drove a "roaring" economic expansion. But now china is capturing more of the value.
A solution is to use tax as a way to re-patriciate engineering capacity. This is kinda what trump is supposed to be doing, but carving out exceptions for friends, and using blunt instruments doesn't work all that well.