There are still a number of people who think that America is the greatest country in the world. However, if you happened to catch Jeff Daniels on an episode of "The Newsroom", you know that it is simply not the case:
There WAS a time that our education system was the best in the world, but that's no longer the case. Do you know where we are now?
This is how we got there:
There WAS a time when America was the best country in the world for business.
Do you know where we are now?
Forbes recently did a survey of the best countries in the world for business, and the number #1 country in the world for business was the United Kingdom. Forbes used a 10 point rating system. The biggest differences between the United States and the United Kingdom were (1) trade freedom (2) monetary freedom (3) red tape and (4) investor protection.
Withdrawing from the TPP put us at a competitive disadvantage, and Trump's manipulation of tariffs, and modification of NAFTA ( as well as the withdrawal from the Paris climate agreement and the Iran treaty agreement) , have put us at a strong disadvantage (from a negotiation standpoint) since no one can trust us any more. Reducing red tape CAN be a good thing - as long as it is not at the expense of the environment. In theory, we are at a slight disadvantage than England from the standpoint of corporate taxes, but the NET tax burden is actually less (due to exemptions in the tax code) which means that many companies pay NO TAXES AT ALL, in spite of our nominally higher corporate tax rate.
To be a great country again, we need to elect a leader who will ENHANCE, not diminish, our role on the world stage. Once we do that, there are a number of areas that we can improve on. Oddly enough, Elizabeth Warren may be the best person to get us there, since she has covered a variety of topics with one simple statement - " I have a plan for that"
Be sure to watch the debates.
Incidentally, which country has the largest economy?
You might assume it's the United States, but it depends on how you measure.
In terms of nominal GDP, the United States has a GDP of $19.39 trillion. China is #2, with a nominal GDP of $12.01 trillion. However, if you measure in terms of purchasing power parity (PPP), we drop to the #2 spot, with a PPP of $19.39 trillion, and China goes to #1, with a PPP of $23.15 trillion.
If you look to the future, the IMF estimates that China will have the largest economy in the world, in terms of nominal GDP, within FOUR YEARS. If you count the EU as an economy, the United States will be the THIRD largest economy in the world - and tariffs will hasten our "fall from grace" - due to the fact that our imports will be more expensive, and our exports will go down due to countermanding tariffs by other countries.