Comments on: Another Sign of American Decline: USA Drops from 1st to 5th in Index of Financial Centers

By: The “Happy Planet Index” Ranks Venezuela, Albania, and Cuba Far Higher than the United States « The blog for taxspecialists

Mon, 26 Nov 2012 14:28:28 +0000

[...] tax policy, the Financial Secrecy Index measures how well a nation treats foreign investors, while the Tax Oppression Index measures how [...]

By: The “Happy Planet Index” Ranks Venezuela, Albania, and Cuba Far Higher than the United States « International Liberty

Sun, 25 Nov 2012 20:40:00 +0000

[...] tax policy, the Financial Secrecy Index measures how well a nation treats foreign investors, while the Tax Oppression Index measures how [...]

By: Tuesday Grab Bag of Links … | The Pretense of Knowledge

Tuesday Grab Bag of Links … | The Pretense of Knowledge — Tue, 11 Oct 2011 08:04:30 +0000

[...] / Govt. Another Sign of American Decline: USA Drops from 1st to 5th in Index of Financial Centers Another Edition of the “Government Stupidity and Incompetence” [...]

By: Zorba

Zorba — Mon, 10 Oct 2011 04:31:06 +0000

…But wait! Keeping in line with other macroeconomic gimmicks, there will be an advertising campaign aimed at countering the fundamentals of a more hostile American environment to foreign capital — and loss of competitiveness to more friendly markets (or at least not as unfriendly as they once used to be)…

http://online.wsj.com/article/SB10001424052970204294504576617502167150790.html?mod=googlenews_wsj

I don’t know if the following is true, but if so, would be rather telling…

“…The U.S. economy used to be the largest single magnet for foreign investment, attracting 40% of the world’s total a decade ago. But that share has dropped to 17% today, according to estimates by Matthew Slaughter, an economist at Dartmouth College’s Tuck School of Business….”

By: Zorba

Zorba — Sun, 09 Oct 2011 17:59:37 +0000

Free lunch great ideas -> Flattening of effort/reward curve -> Decline -> Desperation -> More desperate great free lunch ideas.

The dynamics of decline are now on autopilot.

It may seem new to Americans but it is the same scenario of decline experienced by many other cultures many times over in many different parts of the world.

Americans need to think. What was that made us different? What was that once set us apart from the rest of the world? Are we strengthening those differences or are we weakening them and becoming more like the rest of the world? The inevitable outcome of Cultural convergence will be economic convergence.