Every generation launches a new competitor to America and the people who don’t like capitalism and America’s individualist, free market economy trumpet that now the American way is being left in the dust. In the progressive era it was the Germans (how did that work out?), then it was the Russians (remember Sputnik?), then it was the Japanese (buying up Rockefeller center! the horror!), then it was the Chinese (look at those high speed rail lines!). My message to Americans is to double down on America. Double down on immigration, entrepreneurship, innovation, building for tomorrow, free markets, free speech and individualism and America will take all new competitors as it has taken all comers in the past. The world should be more like America not the other way around.
Hat tip: Mike Bird.
The post The Danger from Japan appeared first on Marginal REVOLUTION.
By Marina Johnson, Nabra Nelson. Marina and Nabra take a sweeping look at thirty years…
Live From the Blue Seats will be back tonight as some combination of Dave, Rob,…
Retail investors are reportedly the largest cohort in Strategy’s high-yield, low-volatility “Stretch” shares, which have…
Some scholars have argued that Marcel Duchamp's upturned urinal, titled Fountain and signed "R Mutt",…
Physician incomes are extraordinarily high in the United States. A new NBER paper finds that…
Cognitive dissonance is the psychological discomfort people feel when their beliefs, values, or self-image conflict…
