It is indeed a rich economy but about the meanest when it comes to spending on public projects. Same ole drought, fires, traffic congestion etc.
It was my impression that the US infrastructure is great compared to most of the world. In some places, it can take eight hours to go from one end of a city to another. For example, Mexico City. There is usually 24/7 availability for fuel and food off our interstates with many rest areas 30 to 50 miles apart.
$AMZN has almost no stores $Uber owns almost no cars $FB creates no content $BABA has no inventory $AirBnB owns no real estate Bitcoin has no physical coins
Any country that lets everyone vote, and the votes, no matter how gerrymandered or how democratic, affect policy, will decline in living standard and influence if the public education system declines. For such a nation, the welfare of the public education system is inseparable from the peoples welfare.
The Euro zone lacks an essential component of a fully integrated monetary system, the Euro Bond. And of course Germany will not agree to a Euro Bond. I think the other Euro nations would agree. The Solution is fairly obvious. Germany should leave the EU and return to the Deutschmark and its own central bank. The other Nations should adopt a fully integrated monetary system with a Central bank, the Euro and a Euro Bond.
How are we supposed to throw out all the immigrants? We are nearly all immigrants. There would be no one left except Native Americans and raccoons.
Why discriminate? The poor are just out for themselves, too, and the people in the middle. There's no concept of community. People are so ignorant about economics that they don't seem to realize we're all in this together. The richer everyone else is, the more stuff they can buy from me.
Seems to me that the US focus on trade with Asia is to leverge the current trade deficit to gain more access to markets and sectors in China especially but also Skorea and Vietnam. Unequal FDI is the administrations definition of the "trade" problem and negotiations appear IMO to be focused on this. I view these imbalances as " a bad deal" as does Trump and a worthy goal of trade negotiations but this is not the pancea to the American worker as touted. I contend there will be little effect on the three hundred billion (and change) import-export diffirence with China and the other deficits with Mexico, Vietnam etc... There is a general expectation that cheap imports wll be stopped and American factories and workers will produce these products....you know... Bring back jobs etc....and that this is what Trump is negotiating in Asia. I know that no one on this site buys this but I find it amazing how prevalent this belief is. FDI and trade are not the same thing.