Lost due to lack of redistribution not because of foreign companies outcompeting everyone.
US won, its economy was basically built on exporting dollars and effectively buying “free” stuff with it. Almost any other country besides the US that had a similar fiscal policy would have already imploded. Instead you got to export your inflation to the rest of the world and even that wasn’t good enough…
Lost due to lack of redistribution not because of foreign companies outcompeting everyone.
US won, its economy was basically built on exporting dollars and effectively buying “free” stuff with it. Almost any other country besides the US that had a similar fiscal policy would have already imploded. Instead you got to export your inflation to the rest of the world and even that wasn’t good enough…