Soundwave on 29 July 2016
| Dark_Lord_2008 said: America was great during the first half of the 20th century profiteering from two world wars and emerging as the world's economic super power. America was at its peak during the 1950s and 1960s. Since the 1970s America, incompetent US Presidents adopting bad economic policies have resulted in the decline of the American economy. |
It's not the decline of the US economy it's simply that other countries got competetive.
It's easy to win a basketball game when you're playing against 2nd graders. Not so easy when countries like Japan and China are making products that are either
A) Far better in quality (even Americans used to turn their nose up to American cars and electronics, always buy Japanese if you want quality, etc.)
B) Or similar quality to American products but far cheaper like China, Taiwan, India, etc. can make.
That and the economic engine of Europe (Germany) was split in two during the Cold War, with the end of the Cold War and also the re-emergence of Russia in the open market (and China too) things have changed dramatically.
