What Happens To America After Big Tech Stops Growing?
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- čas přidán 7. 06. 2024
- People love to hate big tech and their antics and it’s not surprising why. Big tech has monopolized much of the tech industry and engages in shady practices like data collection and privacy intrusion. But, as much as we all love to complain about big tech, an important consideration is what would happen to America without big tech. Much of the growth that America has enjoyed since the 2008 financial crisis is largely due to relentless growth at big tech, and this disparity has only widened after the pandemic. Since the beginning of 2023, these stocks have returned an average of 92% and have single-handedly lifted the entire stock index by 12.4%. As such, the future of America may not be so bright after big tech stops growing. In fact, America may be headed for a future like Japan where growth has almost completely halted. This video explains what may happen if big tech stops growing and the long-term repercussions of that.
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Timestamps:
0:00 - The Effect Of Big Tech
2:26 - The Automotive Downturn
7:00 - The Japanese Downturn
10:34 - The Inevitable Fate
Thumbnail Credit:
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America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
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@RobertCooper03 you guys both are the same person, stop act as if you're making a Natural conversation,
nobody in the real world talk like that.
you won't fool anyone for your shady Financial Scheme
especially when it's sounds like it was coming from a Sales Script
The fact that healthcare is such a fast growing "industry" in America is downright shocking
its actually insurance companies or middlemen administrative / technology services that suck these profit returns from the healthcare industry, so they're categorized as 'healthcare'. doctors or nurse or technician staff who are the real actual healthcare service providers are not the ones getting anything from 'healthcare stock' profit returns over 10 years.
Everything that can be financially leveraged are fast growing industry nowadays
not shocking but saddening
Came to the comments to write exactly this. Amoral profits. While tech is at least producing something of value, this sector is the civilization eating itself from the inside...
As if healthcare is not a growing industry worldwide? Did you do your homework on this subject to find out before you jumped to this conclusion? I believe the logic in separating out the US as if the planet has no health care problems is ridiculous.
The reason the tech industry became big is because it saves us time. Whatever product saves us time will become the next big thing.
Same with automotive too
It doesn't. It destroys our time for profit
@@personzorz Depends on how one uses it. Currently I can say Tech is destroying my time, but in general Tech saves me a ton of time.
@@personzorz I have made things that have shortened a task from 4 hours into 16 seconds and it does it when I would rather be doing other things, like sleeping.
@@personzorz I have made things that have shortened a task from 4 hours into 16 seconds and it does it when I would rather be doing other things, like sleeping.
The problem with big tech is that it hoovers up all the easy money looking for fast returns in a form of ponzi scheme, where the value of the companies bears little relationship to their actual profitibility. This is a detriment to the rest of industry which finds it a lot more difficult to get investment capital. The death of big tech might be to America's advantage.
sending all our manufacturing abroad sure isn't helping
True
Cheap labor served it purpose of making the 1% very rich in our Country since they couldn't rely on slavery anymore. But we're running out of almost free World labor so thing will get very expensive for the middle class in the coming decades.
But wouldn’t home manufacturing imply higher costs and therefore uncompetitive products and reduced sales?
@@itsmesuryat7570 more like one less yacht for the CEO, but can't have that now can we?
@@itsmesuryat7570correct but people who are against globalization fail to realize this.
Infinite growth(in anything) is an illusion.
You should watch "limitless growth is possible" by economics explained
Except tech companies are ambiguous in nature, allowing them to persue many revenue sources, in a way that a telephone company, or Auto maker wasn’t capable of, or more aptly, weren’t allowed to due to shareholder obligations.
Infinite growth would require infinit reasources and because there is no ressource that is infinit there can not be infinit growth. There are only ressources which exist in an extremely high quantity but it is not infinit.
@@Leon-cm4uk you clearly didn't watch the video. Digital resources are infinite
Are semiconductors infinite?@@DannerBanks
Nikkei ranking is based on stock price rather than market capitalisation, if we want s&p equivalent in japan it would be topix, though the data is available from 2003 only
Ah, thanks for the clarification Kushal
You're quite knowledgeable in this regard. Any books you recommend to beginners?
@@shashwatsinha2704 morgan housel pschology of money is a good book to start with.
life isnt all about money. despite economic stagnation, europe and japan have higher life expectancy than the US and lower crime rate.
Life suvks in Japan!
But they also have one of the most toxic work cultures worldwide...
@@redstream1237and is great in us 😂
@@yennapallyvamshireddy3590 ding ding ding! Most of Western Europe will have far worse per-capita violence vs. America thanks to their new-found 'cultural enrichment' ala Sweden
@@redstream1237 you suck
America has made the most advancements in lots of industry besides tech. (Pharma, Financials... even oil). The US will be fine, and is actually doing better than every other major economy
😂😂
Uhhh, other tech companies take over. The whole reason the US tech industry is so strong is because US software engineers make significantly more than other markets, we have a SIGNIFICANTLY better stem education system than other nations, and the US market is extremely consumer focused. None of these aspects are going to go away; we'll just end up with new tech companies that replace the old ones
Very likely, but when does that cycle end? Does it go on forever? Will tech always be the next big thing?
You'd be highly disappointed in sometime given how little you can see.
You are funny! USA education is just a garbage! The only thing USA has - money to attract talented people! But now money becomes a problem!
@@LogicallyAnswered car companies basically remake the same car each year, think about that.
@@LogicallyAnswered The cycle ends when tech is no longer the innovative front. We think of tech as software and hardware, but tech also constitutes cars and equipment and everything else that is engineered. Our better educated workforce will come up with the next big industry because of our strong education and ability to capitalize on the market of the US
Japan, inspite of high debt is net creditor in the world.
Net creditor = External debt issued - External debt owed > 0
Simple answer: other companies becomes the new big tech. Just like Microsoft and IBM were superceeded by Apple and Google, they will in turn be replaced by next gen big tech, probably OpenAI, and we are working towards full general AI.
And decentralized services will eat a share of Big Tech's userbase.
@@ahriboy Where in the US do you see a road to decentralization? Currently the most efficient way to make money over there is monopoly.
@@cubiss1273 California then all of D States as staging grounds
How was Microsoft superceded? It's literally the most valuable company in the world.
Microsoft are you sure? You are talking about the company that stayed in the top 3 spots in the last two decades till this moment.
Much better than my local stock index
Watching the video 25secs after you posted it😄....great job as always man💯
Really appreciate the support Bamzy!
since about 1976, when it was 4kb RAM, to 16kb RAM, to 48kb RAM, to 64kb, 128kb, 512kb, 1MB RAM, to 2MB, 4MB, to 8MB RAM (when my coworkers asked me: are you sure you need THAT much RAM?), to 16MB, 64MB, 128MB, 512MB, 1GB, 2GB, 4GB, 8GB, 16GB, 32GB (the laptop I just got is 32GB)... from boxes of floppies, to 100MB memory stick costing US$100 in year 2000, to 256GB microsdxc for $19, I still see a long way to go, for the next 30 or 50 years, and 30 years later, I may still see another 30 years coming, although I may not be on Earth any more
Always so interesiting topics, 100% for me
🙏
I think we all know the vast majority of that profit goes into the pockets of very few people. I think we also know that these big tech companies create uncompetitive monopolies by simply buying out anything that looks vaguely like a threat. I think you made a video about how Amazon are basically destroying the livelihood for authors especially if you are just starting out. That's an admittedly very sensitive topic for me as I'm nearing the completion of my first novel and I am well aware that publishing on Amazon is virtually mandatory, but guarantees I'm going to get a terrible deal. Honestly, at this stage I think I would rather self publish even if it did hurt me financially. Personally I don't enjoy hating on big tech companies, I just wish they would be less greedy and more ethical. ps. I'm not American so naturally have a slightly different perspective.
Your perspective is that you don't know anything about this country. Big tech turned a generation of our best stem graduates into millionaires. It also supercharged many other industries like big law, accounting, finance etc. Saying the money only went to a "small number of people" sounds like a low information European opinion.
Not all the "tech" stocks are part of the "tech" sector in the indexes. For example Tesla and Amazon are consumer discretionary, Facebook is communication services, and I'm pretty sure Google is also communication services, though I believe it used to be in the tech sector before being reclassified.
The difference between (most) tech and the automotive industry is that new features can be architected and programmed in tech. so while i think big tech wont be growing like it was because the product and services are already being used by so many people, new software can always be developed on existing tech to generate something new. you cant implement new features on an old car, and even cars with smart tech in them have their limits.
i really theorize that a huge reason not talked about for the tech layoffs is that companies could no longer immediately deduct 100% of R&D expenditure (software engineering salaries count as an R&D expense), on top of interest rates, silicon valley bank, etc etc. companies having to pay huges sums of taxes as a direct result of the salaries and bonuses theyre giving to tech workers, wouldnt be able to be deducted, so it was better to lay them off and write off (state depending) severance packages since writing off salaries wasnt an option anymore. the clause was section 174, it was added in 2017 and was dormant for 5 years, until it took into affect in 2022 and was going to be on 2023's tax season. its killing tech startups, let alone big tech benefitted from it.
can’t help but agree with that notion and also thanks for pointing out section 174 very interesting stuff
Great video once again 😀
Thank you Afa!
You made a noticeable effort to exclude Microsoft from the list of the top seven. Should we be aware of any hidden agendas here?
What happens? Well obviously. LAY OFFS because they need to justify those massive disgusting bonuses for high executives who really don't do much beside pushing worker to work harder with the same pay or less and then go and take the credit as they did it so THEY get even more bonuses instead of give it to workers.
Well they DID make the workers work harder for less. That's quite a huge achievement (for shareholders ofc).
What's the song used during the "The Automotive Downturn" chapter? It's amazing.
Awesome 🙌
We are in the Information Age and we adapted from the industrial age, we will do it again. 🇺🇸
No! The Greek fell, the Egyptians fell, the Romans fell, the Mongols fell, the british fell, the USSR fell and so too will the USA while opening the way to China (or India). The issue is whether the collapse will be "smooth" as the british or "chaotic" as for the USSR .... The US has too many domestic issues that need to be taken care of but they rather focus on global supramacy: funilly enough most of the ancient empires collapsed due to internal strife
Great video as always
Thank you as always Balpreet!
this eposide is a remarkable piece of work
Excellent video!
The difference between the Tech Industry and industries of old, is the immense diversity every company has (except Meta). That allows for tech to continuously grow long term. Also China’s garbage government has to flex its power, in doing so destroys what marginal gains their companies were making on the US.
The main issue is that the capitalism (modern economy) is designed to make rich people (upper class) become more rich while subjugating the lower class
When abundance becomes the norm there is no room satisfaction in a "happy life" ... we live in a society where people drink themself to death and consumes drugs for leisure and not to drown their surrows :(
I'm passionate about making cool things. My most developed skillsets are software engineering and creating artificial neural networks, though I also went to school for hardware and have extensive hobbyist experience there. At the same time, many people who work in software are not there primarily because of passion. Yet, passionate people build better stuff. I suspect that we're going to see a new wave of software companies out-compete the current ones eventually at this rate. But we're always finding new things to do with software that offer people compelling value. I don't see that changing.
I think this video is the most important one you have ever made.
Hauri, loving the big picture and outside the box updates on our world culture. Here’s hoping the space exploration launches us into continued prosperity 🚀
Im from the motor city Detroit. Needless to say I have been in many sectors of the automotive industry. I have been explaining for years that the math isnt mathing. There too much money being made for the price we pay for cars. They are not making profit of cars. There have to be a substatial tax right off for the losses they have every year.
What will happen is you have to choose another topic for CZcams videos😂😂
Great video.
Us is stopping
Bio, energy, infrastructure.
The education stem system is declining while asían stem education gets stronger, including rival and potential rivals like China and India respectively
Koreans, Taiwanese, Japanese and Chinese have a stronger itellectualy oriented culture, unlike our decadent western society, which just gets weaker and weaker on stem field education.
We are living on the prosperity from the previous generation of stem engineers, when the western superiority used to be the case. In 25 years this is going to look a lot different once current graduates from both west and east arrive at the top main jobs at companies.
The difference between regular student from Asian countries and US is ridiculous although this doesn't mean you wont still see bright individuals here and there but the trend is very clear
US has skilled worker immigration. However housing prices are on the up and up. Anyone who doesn't already have a house will be left behind in the new America.
East Asian education is more focused, but also mandates time-sucking classical literature of the past and doesn't teach much to develop raw creativity and systemic experimentation for the future. The individual overspecialization of life skills could explain why they have a more stressful time adapting to changes in the economic environment as well as circumventing aristocratic "good family" barriers for further upward mobility, which then explains the high rates of depression, societal anomie, and suicides.
Hence why Asians keep trying to come to the "decadent" US at the earliest opportunity.
Your timeline is very very generous, its more likely we will be eating sh*t in the next decade if not sooner
Well fortunately wealth and tech is the future, the more money you have the more you can out compete or buy the competition
For now yes
@@LogicallyAnswered Why just for now? Tech is just a mechanism of leveraging technology for automating previously very manual tasks, and providing and services via code through the internet. So long as the internet is useful there's no reason why tech will ever stop growing. The firms will just be replaced.
My friend, what you have just noticed is actually part of a bigger problem:
Economic growth itself is coming to a halt,
For most of history, GDP and GDP per capita and value produced basically stayed the same for all intents and purposes and no matter how many great stories of empires you might have heard, the reality was that 95%+ people in every point in history were subistence farmers who couldn't read and write
When the industrial revolution started, everyone was shocked to see that the gdp of Britain was growing by....1% every year!!!
Yeah, 1% gdp growth was a huge achievement and only one country could achieve this consistently in the late 18th century,
Economic growth will keep slowing down in all developed countries because of the increasing median age and lack of innovation, and there is really nothing we can do to solve this, if people 1000 years knew that building a factory could increase value, they would have done that, but they didn't know that
Similarly, developed countries have no idea how to increase productivity.
Think of it this way, it's a video game and ..
Developed countries have maxed out all their stats,
Their stats being: education, technology, production, banking, and every other commercial sector
And since they have already maxed out all their stats, what can they really do that will increase their strength and make their character stronger?
Well, they could wait for the sequel to come out in which they will have to max their stats again
And when will that sequel come out? (Sequel: an absolutely game-changing thing like THE WHEEL, IRON, STEAM ENGINE, and other revolutionary stuff)
The sequel can come out tomorrow, in 10 years, in 100 years, in 1000 years, or maybe never
As for what you said about the US' median age not being as terrible as in Japan BECAUSE OF IMMIGRATION,
This is untrue my friend, Canada has 500k immigrants every year for a population of 30million people and still they are aging ALBEIT SLOWER than they would without those immigrants
The main reason is that the fertility rate in the US in the last 20 years hashivered between 1.8 to 2 children per woman and has only gone down to 1.6 AFTER THE CORONA PANDEMIC.
Japan on the other hand already fell below 2 children per woman around 5 decades ago I think
Type 'fertility rate Japan' and 'fertility rate US' on Google to compare it yourself :)
Ponzi
American Style Business .
The issue resides after the pandemic and relations with the post-2008 financial crisis. After 2008, interest rates in the IS were roughly 1-2%, and large institutional investors needed quicker returns so investing in tech was a viable option. During the pandemic, interest rates were almost to zero because we hit a massive recession, as a result from more people being online and big tech companies willing to take on more debt (because it was free money) and use it for hiring. However, post pandemic we’ve hit interest rates at 5-6% and that large amount of debt needs to be paid back, resorting to layoffs/downsizing/corporate restricting and financial deals of convertible bonds with appealing interest and maturity rates not regulated by the SEC, in order to refinance the debt pulled from the pandemic. TLDR: It’s a mess and this effect is carrying onto this decade
That $5 pay from Ford is a little bit misleading. Not everyonr got the $5 and there were a lot of rules behind it.
You know what they say: Never bet against America.
End of America’s tech dominance soon🤌
Health care is better for us and more likely to keep growing long term. Tech companies don't really have anywhere else to grow. They have all the customers they are ever going to get and most are still not profitable. In order to make more money they have to squeeze the existing base of people more and i have severe doubts that it will work. They will keep firing people in an effort to be profitable and I just don't see it happening for most of them.
Face it, most big tech companies don't actually have a viable business model. They grew big off of cheap money and the idea that they would one day be profitable.
Big Tech is Big Fun.
Should one day the Fun stop, the Serious Stuff is immediately ready to start playing. The big and small manufacturing is ready to kick in overnight...
Would love to hear your analysis of the current price revolution and how it impacts both the US and the world.
The real reason madoff was run out of town. Was every endowment and macro fund was parking it in AAPL and GOOG earning a 11% return.
If money was not going into tech the same money would be going into other equities. Liquidity doesn’t just disappear. My guess is we would have much better infrastructure in America because there would be liquidity flowing into real estate and construction etc
Bro, you mention the "seven" and omit Microsoft? Most valuable company in the world? Js they should have gotten an honorable mention lol
True, but they aren’t part of FAANG either haha
There is big difference between US and Japan, US is home for both world reserve currency and world reserve language.
There is also notable difference between American car industry and tech industry. Car industry was mostly focused on domestic demand and was successful because global trade was not so prevalent back then, as soon as imported cars started to pour in American brands started to struggle. Tech industry, on the other hand, is much more global, and is pulling revenue from all around the world.
US also is at less risk for population decline due to English language which help immigration.
I believe the US $ is world reserve currency because after WW2 most of the vaaluable currencies (mainly in EU and Asia) were too unstable due to post war inflation. The US capitalized on that by negotiating deals with the Arabs for them to ONLY/MOSTLY accept US $ for the purchase of Gas/Oil, which pretty much cemented the $ as the defacto international currency as most countries need the gas/oil and were "compelled" to purchase $ currency from the US to have access to intl. supply of gas/oil.
That said the tables are turning arround as the US abused this system for decades:
- imposing sanctions on $ currency access to nations own discression
- recklessly printing $ to boost its economy and have a competitive advantage without inflation hitting as hard
- Most countries purchase more good from China who do not only accepts $
Times are changing and the economy is bending toward Asia for leadership after the US
@@ulrichleukam1068 I agree but still it may take decades while tables will turn any significant amount, plus world reserve currency is not only advantage. They also have de facto international business language, which makes very easy to "brain-drain" whole world. Look how many CEO of S&P 500 companies are Indians for example. And companies are as successful as people working in them.
impressive upload rate
Industrials and materials are the next sectors to rally
Toyota and VW both have massive debts as well
The key is not if, but when.
Yo! Just a tickle in my mind.... May I video edit for ya....... and not flexing but i do got a good portfolio and edited for Iman back in 2020, that's way back but that flex still works... Haha! 😅
Ah, really appreciate the offer Tej, but not looking for any extra editors rn :)
I've seen this before during 2008 crisis....So it's just a cycle. There'll be up and there'll be down but nothing last forever
Bad youtuber! Never stop growing. Chart line only go up
How about All Season US Defence Cos?
They are minting record profits!
Technology never stops. The companies size will be limited by the entire world's eonomy rather than the size of the USA economy. The number of people who benefit from the growth in these hi-tech companies will be a smaller and smaller portion of the world's populace
Wow
It's not like tech growth really helped the USA as a whole. A lot of people were left behind and this is an ongoing and lasting cause of resentment that is in our culture and politics. Even if a new source of economic growth appears, for example the use of AI to further automate manufacturing and services, this will only benefit a small minority.
Ok, so we change the name of the United States of America to use the cyrillic "a" and "e".
Boom, whole new country with none of the previous debt.
What you fail to realize is the opportunity cost. Sure these companies "carried" the S&P500 but that is only because they got the most investment if these companies didn't exists the investment amount likely wouldn't be smaller it would just be invested in other big companies.
Given who owns stocks and what hedge funds do with the money I think it would be positive for these companies to stop distorting reality. While we are at it let's get dark money out of politics and break up any would be future giants before they can do this again.
Japan is different in many ways.. You touched on some but USA on another level socially politically militarily economically and financially.. U.S. is Currency reserve of the world. Biggest economy for decades.. Proven dominance in Innovation.. Massive capital investments in start ups and robust private equity activity.. and many other factors. The thing that will destroy tech is competition and lack of innovation. As long as the U.S. Have that edge and factors that help it lead.. Tech will be fine.. and the economy is bigger than tech but it will take a hit and suffer a downturn!
This video is all over the place.
Comparing big tech within the stock market to big auto within the auto market made no sense. Especially when there are stark differences in how each industry operates.
Also placing big techs lack of growth in the same conversation with America’s declining demographics was also confusing. I’m sure there’s some correlation between the two but it’s limited.
Every country empire,kingdom and nation will eventually fall.
Watching this video, I'm struck that it appears to suffer from what Bastiat called "the Seen and the Unseen." To give just one example, sure, the FAANG member Amazon is a "big tech" company but here's the thing: if it didn't exist, people would still be making those purchases, right? So where would they be coming from? Sears and K-Mart and other companies that used to exist before Amazon (and were part of the indices) but labeled under the "Consumer Discretionary" or "Consumer Staples" categories! (Another example is people dropping home phone and cable "Utilities" services for Netflix and Apple devices.)
I'm not saying the entire thesis is bad; however, I just don't think it is as clear cut as the argument makes it out to be. That negligible 0.1% figure cited at the beginning is almost irrelevant given a majority of this spending would have simple occurred elsewhere.
What would happen?
Liberation.
Don't whitewash oligarchs.
Don't present greed as a "benefit to society".
Some thing importent is to concider is that more is at play than pure economics.
A war ether cold or hot looks to be on the horizon/ already started. This will have major impacts in how nations act.
Europe is slowly moving a way form the end of history mind set and towards an ever ready stance.
This could impact chinas growth as westen nations work to isolate the Chinese market.
People need to watch "Limitless growth is possible" by Economics Explained.
Ah, interesting suggestion
I don't remember if it's the same video, but EE also talked about how global debt isn't THAT big of a deal. We're going into debt with our future selves, basically. It's something I remember whenever I see a channel talk about debt lol
Next big thing will just start growing (AI?)... FAANG will just go through consolidation phase like Microsoft or IBM went through in the past ...
Fusion energy is next boost
All these flavours and u choose to be bitter☕️
There is soo much flase/incomplete information in this video sure gm and ford are in a lot of debt but so is Toyota, honda, subaru, BMW, Mercedes and every other auto company.
Also Japans economy didnt burst because of their companies, it was an asset bubble. Their companies were doing great in the 90s until software became a bigger thing. As you said Japaense companies are slow to transition, which American companies have not.
Theres simply soo much incorrect here.
maybe just maybe.... unlimited growth is not possible. maybe, we should measure the economy differently.
You love ❤ Big Tech.
I feel like america will just have more type of new or old industries that will just become their new vector for growth over the years because it this happen to the past then it seems like it will happen in the future to and the reason why is because of popular creations happening in the future but hey I could be wrong about this and video Logically Answered :]
“The vast majority of growth America has seen since the 2008 financial crisis is thanks to big tech”
I think you meant to say the largest transfer of wealth in human history is thanks to big tech, because none of the rest of us are seeing anything grow besides our bills.
Then they will not be the "big tech" of tomorrow. Money goes somewhere else.
Next topic should be of the rentier capitalism model that is being adopted by the western world. Amazon rents digital space, so does Facebook, Google, Uber, cloud computing.
Social media was the big thing of the last 2 decades.
Wallstreet with its fancy new financial products and the Feds will continue with money printing and this will cause inflation especially of targeted products like housing.
fwiw $ printing and index investing were the 2 biggest drivers of big tech since 2012 ... not innovation
You used a metric based off the stock market. So you will obviously end up tilting towards big tech.
Pharmaceuticals and cars
you are very wrong regarding Stellatins. Stellantis has more cash then debt in his balance sheet
Doesn’t change that it’s a cash intensive business that often requires a lot of debt
of course it require alot of CAPEX (is the sector - they produce very big and heavy object that move) but Stellantis has a very strong balance sheet compare to Ford and GM@@LogicallyAnswered
Dollar homes in Detroit?
Are you secretly Beat the bush?
America could survive post big-tech growth, because the most innovative people in the World (that aren't from China) still believe America is the place to go to realise their dreams, whether by making a scientific breakthrough and sharing it with everyone, or by finding a new technology or by creating a company that eventually becomes valued in the billions of dollars. American investors still want to invest into high-growth companies, and eventually, another wave of hype will hit the US stock market, forcing every company to move towards the newest thing to remain relevant.
The only thing that would destroy the trend is America illegalising innovation - when the barriers of doing something new and innovative in America and for America becomes too high that it is better to leave the market. The best predictor of this is when investors into startups start investing more into non-American companies as a total than into local companies, or, when foreign investments pay more than local investments.
Until then, America is not going anywhere, and they are not leaving the top
When you keep laying off the people that would buy these products who exactly is going to be buying these products?
Where’s the military arms manufacturing? I know business is robust there. Lol
If the Dollar falls as a world reserve currency, it's all over for US. Yes this country is huge and has more than enough resources to be self-reliable. So, citizens don't have to worry about starving or being invaded. But, at least, US would say good bye to being the world's hegemon.
After manufacturing peaked, America moved on to tech. There's always another frontier. And where America goes, the world follows 🇺🇸
The reason big tech is outsize on the sp500 index is because they charge tax on the other companies! There's real growth in the economy, its simply captured in addition to being created by a disproportionately small number of companies.
So tried of people talking about national debt. 75% of debt owed by American investors in America dollars, that we can print whenever we want… it’s meaningless
america ...america.. america ... is there a world ouf of america?
No
Small tech
There is no end to tech and no end to capitalism…tech, capitalism, and consumerism will go on forever