http://tinyurl.com/ybhdhy5w
The United States' decline started with little things that people got
used to. Americans drove past empty construction sites and didn't even
think about why the workers weren't working, then wondered why roads
and buildings took so long to finish. They got used to avoiding
hospitals because of the unpredictable and enormous bills they'd
receive. They paid 6% real-estate commissions, never realizing that
Australians were paying 2%. They grumbled about high taxes and high
health-insurance premiums and potholed roads, but rarely imagined what
it would be like to live in a system that worked better. ..
The most immediate cost of U.S. decline .. comes from the country's
disastrous response to the coronavirus pandemic. Leadership failures
were pervasive and catastrophic at every level - the president,
agencies .. and state and local leaders .. As a result, the U.S. is
suffering a horrific surge of infections .. no sign of slowing down.
This utter failure to suppress a disease that most other countries
managed to contain will have real economic costs for Americans ..
In addition to worrying about their jobs and livelihoods, Americans
must be subjected to months of images of Italians casually walking
around on the streets while they cower in their houses. It's a painful
and stark demonstration of national decline. Even more galling, the
country's COVID failure means that its citizens can no longer travel
freely around the world; even Europe plans to impose a travel ban on
Americans.
But the consequences of U.S. decline will far outlast coronavirus.
With its high housing costs, poor infrastructure and transit, endemic
gun violence, police brutality and bitter political and racial
divisions, the U.S. will be a less appealing place for high-skilled
workers to live. That means companies will find other countries in
Europe, Asia and elsewhere a more attractive destination for
investment, robbing the U.S. of jobs, depressing wages and draining
away the local spending that powers the service economy. That in turn
will exacerbate some of the worst trends of U.S. decline - less tax
money means even more urban decay as infrastructure, education and
social-welfare programs are forced to make big cuts. ..