Here's some evidence America isn't in decline
Now, I had my managing editor Sarah Gustafson look at the companies in 2005 vs. 2015 and where they’re based:
American Enterprise Institute
2005
USA: GE, Exon Mobil, Microsoft, Citigroup, Walmart, Pfizer, Bank of America, Johnson and Johnson, AIG, IBM, Intel, JP Morgan Chase, Berkshire Hathaway, P&G, Altria Group.
United Kingdom: HSBC, Vodafone, GSK, BP.
France: Total SA.
The USA is 15 / 20, the UK 4/20, and France 1/20.
2015
USA: Apple, Alphabet, Microsoft, Berkshire Hathaway, Exon Mobil, Amazon, Facebook, GE, Johnson & Johnson, Wells Fargo, JP Morgan Chase, P&G, AT&T.
China: ICBC, China Mobile, Petrochina.
Switzerland: Nestle, Roche, Novartis.
Japan: Toyota.
The USA is 13/20, China 3/20, Switzerland 3/20, and Japan 1/20.
Does this cursory overview suggest an America that’s losing internationally or in decline? I don’t think so. The US still massively dominates, and four of the new firms are innovative technology companies.
Now, it also suggests rising Asian economic power and a Europe in decline. The global economy is changing, but America still leads the pack. And these are just the biggest companies. America looks even more dominant if we analyze according to high-growth startups.
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