Things are unravelling pretty fast for the United States. Its national debt continues to balloon. It’s deficit continues to widen, and is expected to keep doing so for the next decade. Its politicians can’t seem to agree on anything and keep playing ‘extend and pretend’. Its attempts to bring manufacturing back home in an economically sustainable form are being challenged by unionised workers demanding better terms.
It seems to be betting that its dominance in new technologies including AI will allow it to bypass many of these challenges and usher in a new era of economic growth.
But will it?