Let me add a few on the key differentiator: Innovative power

The advantage of countries like China is cheap labor and low production cost. The advantage of USA is its vitality of innovation. Look at last 30 years, it's a parade of non-stop technological innovations that invented and re-invented the entire industry structure of this country. Why countries like China can't become an innovative power as powerful as the US? it's the complete social order that suppresses innovative ideas to be capitalized as efficiently as in the US. For example, in Silicon Valley, a young guy with his buddies can easily convince a VC to infuse a million dollar to start his own company, then IPO that into the broad market for more capitalization. Some people think that US is full of low IQ and fat white guys knowing nothing about algebra, I would say he doesn't really understand USA's advantage. The real advantage that USA enjoys is its ultra efficiency in capitalizing and usage of human intelligence, regardless it's from an Indian's brain or a Jew's brain. It doesn't have discrimination towards innovations.

What US has is exactly what China is missing. It's also what Japan is missing. The VC system has oiled the US so efficiently that every 10 year will spawn a new innovation, be it internet, be it Google, be it CDO financing. All of these innovations will be used to milk the cream from its "tenant" economy.

The "tenants" are simply happy too. They enjoy the fruition from such rapid innovation cycle.

Why USA has weakened a bit since the 90s? partly due to its temporary lull in its innovative cycle. I bet the next one will soon arrive, complete reinventing itself again, creating millions of highly paid knowledge jobs.

所有跟帖： 

• 回复：Let me add a few on the key differentiator: Innovative power -WSTB- ♂ (1271 bytes) () 10/02/2007 postreply 21:15:24

• 好好研究一下罗马历史后再来这里献丑吧！ -dividend_growth- ♀ (136 bytes) () 10/02/2007 postreply 21:31:33

• Let's summarize why Roman empire fell: -miat42- ♂ (829 bytes) () 10/03/2007 postreply 06:50:25

• Sorry, posted it in a wrong order, I meant to post to WSTB -miat42- ♂ (0 bytes) () 10/03/2007 postreply 06:53:11

• 回复：好好研究一下罗马历史后再来这里献丑吧！ -WSTB- ♂ (2015 bytes) () 10/03/2007 postreply 10:19:29

• Understand your points, however -miat42- ♂ (693 bytes) () 10/03/2007 postreply 10:54:55

• 顶一下。我一向佩服历史知识丰富的人。 -老周- ♂ (0 bytes) () 10/03/2007 postreply 11:47:28

• 向你道歉 -dividend_growth- ♀ (349 bytes) () 10/03/2007 postreply 13:20:17

• 再补充一点：灭亡不等同于超越，不可混为一谈 -WSTB- ♂ (532 bytes) () 10/03/2007 postreply 10:55:55

• Comparing Chinese and USA is not the same as German and Roman -miat42- ♂ (898 bytes) () 10/03/2007 postreply 11:02:59

• 共赢的局面是有可能存在，就像古代的罗马帝国和汉帝国 -WSTB- ♂ (325 bytes) () 10/03/2007 postreply 11:26:36

• Actually, social system is the ultimate bottleneck for a -miat42- ♂ (1825 bytes) () 10/03/2007 postreply 12:19:39

• 一个有意思的历史现象 -WSTB- ♂ (475 bytes) () 10/03/2007 postreply 12:43:47

• The key difference between ancient demo and modern demo -miat42- ♂ (814 bytes) () 10/03/2007 postreply 13:44:12

• 社会制度的出现和消失 fits the need for the majority of people -miat42- ♂ (1244 bytes) () 10/03/2007 postreply 13:57:01