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Originally Posted by Tinordi
Apple's one of the most valuable companies in the world and is a major contributor to tech exports for the U.S. They're an example of the American firm of the high tech future (if there is one). There's no other equal to Apple anywhere else besides other American firms. Not even close. That's the point, as long as the U.S. keeps innovating they will be producing value.
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Like what innovation? I don't disagree with you that Apple is a financial juggernaut, but innovation? More than GE? I would disagree and ask what exactly. GE is one of the best R&D companies in the world. Aside from cosmetics, if you consider Apple's software infrastructure to be their innovation, I'd argue big companies like Facebook are bigger, and smaller startups like Quara are way more. Hardware? Nope.
Quote:
Originally Posted by Tinordi
With respect to your arguments about finance, I completely disagree. That is another HUGE advantage of the American economy. It has the best financial system in the world seeking out better returns on its capital. Getting investment capital is nowhere easier than in the U.S. and that works to give them another innovative edge.
Finance is actually not a bad thing at all. Through history the countries with the most advanced, efficient and sophisticated financial markets have also tended to be the wealthiest and most productive. The key is having MORE finance, not less.
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Well, its a leveraged system... with highly educated people that kind of know what they're doing. And possibly a different environment. Its hard to say where the economy will go, under conditions that will likely be pretty different. I wouldn't wager a full out meltdown of the USA, but I don't know how you can deny growth in Asia and their substantial growth in all areas.