What according to the author,makes America a prosperous country
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The Following Are The Reasons:
- A democratic system that has been quite stable for more than 220 years, except for a couple of years during the civil war. Very few nations had such a long period of domestic stability.
- A strong culture of innovation and creativity. Slightly open immigration, top class universities and a tradition of entrepreneurship has kept US in the cutting edge of technology for over 120 years.
- A large nation with a good chunk of it is habitable. Majority of Russia is uninhabited. China has massive deserts and Brazil has a big portion of rain forests.
- Large level of domestic resources. Like the other big nations, US has a large amount of natural resources - oil and food. US discovered crude oil and is the biggest producer of food. By being more self-sufficient than say Japan, US can produce a more aggressive trade policy that is less defensive.
- Using the language of international business. British Empire made English as the predominant language of the globe and US has helped continue the trend with a strong feedback loop.
- No major domestic threat. Other countries in the Americas are neither that hostile nor powerful to threaten the US. Except for Pearl Harbor and 9/11, US territory was never attacked in a big way in centuries. The oceans act as a buffer from other powers. Countries in Asia and Europe often have to deal with hostile neighbors who are ready to war anytime.
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