Re:The lessons from America’s astonishing economic record
by dzonga on Monday April 17, 2023 @11:48AM
(#35602481)
what makes america great, is the current system or ie rule of law and institutions. those yeah are being destroyed bit by bit. by oligarchs and nefarious individuals. but in terms of laws / institutions that are not easily influenced by current politics - america is still ahead.
mexico etc the courts etc are easily corrupted. hence they can never be #1.
same for every other poor country.
the other country that I can think of with almost comparable laws to the states is the uk i.e favourable to enterprise -- but they're not doing enough to encourage labor participation
Re:The lessons from America’s astonishing economic record
by rrrrrrrrrrrryan on Tuesday April 18, 2023 @03:58AM
(#35611241)
> Which, of course, is true of the vast majority of immigrants to the U.S.
Not necessarily. It's definitely a cultural thing: Latin American immigrants are far more entrepreneurial than Asian immigrants, even after correcting for wealth and education.
My anecdotal experience is that the Mexicans¹ I have known have been way more entrepreneurial than the Americans. If the Spanish-speaking Americas were to establish economic union a la the E.U., I suspect that they would become the dominant economy in the world in a generation.
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1. Speaking here, specifically, of Mexicans living in Mexico and not immigrants to the U.S., although come to think of it, the immigrants are likewise also highly entrepreneurial, but this is a self-selecting segment of the population who are willing to undergo great hardship and go to a whole other country, suffer discrimination and struggle with living outside their language and culture to make a better living for themselves. Which, of course, is true of the vast majority of immigrants to the U.S. which is probably a big factor in American (U.S.) entrepreneurship.