They aren't a fundamentally open, free society..... so they will continue to struggle beyond just being a labor hub.
Open and independent thought is the key to dynamic and quickly adaptable economies. People complained a lot about global responses to the GFC of 2008. But the US reallocated its labor force much faster than most of ther world in its aftermath. And why US markets performed much better then most other developed economies over the last decade.
I think the level of deep/basic science is beginning to develop in China.
The question is always a political one. Is an open, free society the way forward? If you look at the deep divisions of the US society, isn't that usually an indicator of the edge of something of a downward slide?
I also question whether the US is actually a ''open, free'' society or its value? You have a president who has been recorded to lie in public 16,000+ times and at last count. And yet there are no consequences. There is a lot to unpack there.
Is it free in the sense that what you say has consequences or free in that you can say whatever you like and get aware within it?
Like most things political, its been boiled down into binary platitudes.
Whats free and open would be questioned by someone like an IGW -- who would say that it's controlled by an oligopoly. Fox/MSNBC have their respective views, shaping their various audiences. So how free is that?
Just like the argument over socialism versus capitalism when its really about shades of grey but its been boiled down into simplistic discussions for political expediency. The fact that the term 'socialism' has been so stigmatised in the US that its an insult if not something life-threatening. How free is that?
No. I don't think its the political platform that enables the US to prosper -- the Chinese have the fastest growing number of billionaires, millionaires and middle class in the world despite their perceived informational controls. Anyway, the US doesn't have a monopoly of the concept of an
open and free society and yet some thrive whilst others falter.
Its something more fundamental than that.
Its globalisation and the ability to travel freely from one country to another that is an enabler. I may have a fantastic idea but maybe not be so easy to develop in my country but now, I can go to Israel and get it funded there now. Then to sell it across the world from anywhere. But then our mythical IGW would say that's not the KPI of a fair and just society either.
A
free & open society that is controlled by a handful of people with ever-shrinking middle class -- or in my opinion has been served platitudes, shaped by the media to keep the middle class ever more subservient in the hope of chasing that American Dream.
After this pandemic is in our rearview mirror, we need to be asking what is it we want from society?