United States Economic Maturity Before Social and Political Puberty
U.S.A The Infant Giant
By Gee Jae Arnold, published Jul 25, 2006
Published Content: 6 Total Views: 3,224 Favorited By: 1 CPs
The United States is still one of the youngest countries in the world. Still in its infancy, it has reached economic maturity and earned the status of a giant among other nations. It is not by accident but by design that it has become the undisputed powerhouse and power source in the world. It’s design having been developed not by uncivilized people who had to learn by trial and error, but by people who came to this country with accumulated years of knowledge and experience in the functioning of government and society as well as business and commerce.
These early settlers knew what worked and what did not. With that knowledge they set about the business of designing social and economic systems that would benefit them and support their ambitions. The accumulated experience they brought allowed them to skip many of the developmental steps that lead to maturity. Consequently, the nation grew from infancy to giant in record time. When we think about two hundred years, in terms of European and Asian history, we see that those countries have wines and clothing that are much older than this country. There are buildings and artwork in Europe and in Asia that are centuries older than the United States. Nevertheless, it’s accomplishments in the time period have been unparalleled by any other country in the world. The last fifty years alone has seen unprecedented growth in all areas of production, wealth accumulation and employment. It is by every known standard of measure, the greatest country in the world. As far as empires are measured, the United States of America is the greatest empire that this world has ever seen. We are unparalleled!
The Financial Epic Center or The Big Apple (with a worm in it)
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Takeaways
- We are an infant nation with all that infancy implies
- We are a growing nation and as such will outgrow this awkward stage.
- There is still hope for social and political maturity.
Did You Know?
There are bottles of wines, art, clothing and furniture that are older than The United States of America.
Resources
- Aversa, Jeannie. The Associated Press Top News. Economy Grows at Robust Pace Despite Storms. November 30, 2005. dailynews.att.net/cgi-bin/news Economist.com. You Need us and we need you. Apr. 6th 2005 From the Economist Global Agenda. E-mail message. Dec. 4, 2005. www.economist.com/agenda/display Krugman, Paul. The Age of Diminished Expectations: U. S. Economic Policy in the 1990s. Cambridge, MS: The MIT Press, 1992. Shlaes, Amity. The Greedy Hand: How Taxes Drive Americans Crazy and What to do About it. New York: Random House, 1999. Bjork, Gordon C. The Way It Worked and Why It Won’t: Structural Change and the Slowdown of U.S. Economic Growth. Praeger: Westport, CT, 1999. Yahoo! News. “After 531 years, world’s oldest wine in a barrel still has fine aroma.”. Old wine Search. Jan.2, 2006 www.muddysmind/archives/000420.html Krugman, Paul. Tavis Smiley Show. PBS, New York. 2 Jan. 2006.
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