The United States of America has been feeling the heat from our Asian rivals for the past two decades. Almost every single product we’ve succesfully produced throughout history has been stolen, mimicked, or overrun by the strong labor market of China.
Some sectors of the US economy have been experiencing more pressure than others such as the manufacturing and agricultural industries leaving rural areas and even some of the biggest metropolitan areas in terrible economic situations.
Other than our own economy, China has managed to lower our profits from overseas investments such as financial institutions with Chinese banks appearing more and more in developing and industrialized nations. With this power, China begins to be the debt collector of every other nation and is setting itself up as THE World Power, a title that we have held for the past two centuries.
My thoughts are that the United States should start reinvesting in our own infrastructure and try to bring metropolitan areas more connected with the outer suburb areas. One great example is improving our highways and rail systems which are extremely outdated.
For more new please follow our page and engage with our content!
Photo credits: The Guardian
Very interesting post, I may reblog. Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for your interest!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @worldbusiness! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @worldbusiness! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit