- Little spending on R&D
- Largest companies are becoming less globally competitive
- Services are 80% of economy
- Low productivity growth
- Schools teach only debate skills, and then country let clever debaters take over the government
See @Noahpinion: https://www.bloomberg.com/opinion/articles/2017-07-20/the-u-s-special-relationship-with-britain-needs-a-rest … https://twitter.com/AYAYACORE/status/1211113628444872705 …
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UK relative decline is much steeper than the US! US still genuinely at the frontier for large advanced economies. Productivity growth best of the G7 across all those horizons.
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We have a few giant software companies powering our growth (Facebook, apple, Amazon, google) without them, we are more or less in the same spot. This is what I’m arguing is similar in the us, not the gdp number. https://twitter.com/danwwang/status/1212373124110602243?s=21 …https://twitter.com/danwwang/status/1212373124110602243 …
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