Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: marginmike who wrote (3139)	4/21/2001 12:34:23 PM
From: carranza2	Read Replies (4) of 74559

The distinctions between the US and the other superpowers that did not survive their success lie in two separate yet complementary factors. First, the US has made it a policy to allow the best and brightest from the rest of the world to come to America to participate in its capitalist economy. Anyone with a good idea, drive, and energy can succeed here. Witness the number of Hindu, Chinese, and other "foreigners" [I doubt that the word has any real meaning any more] who are making a significant contribution. Secondly, there is no class system that artificially prevents the best and the brightest, whatever their origins, from succeeding here. The US is the closest thing to a meritocracy that the world has seen. Other structural barriers to doing well, though they certainly exist, are far lesser than anywhere else at any time in history. Real opportunity is a reality here, which is why the world's best and brightest want to be in the US. So long as there are no artificial barriers to making a success of one's life, and there are no competitors that can successfully adopt the US social/economic model, it will be a magnet for the world and will continue to be a superpower.

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