

A cut above the West: America’s astounding economy
7 snips Apr 18, 2023
Simon Rabinovich, the US economics editor for The Economist, discusses the surprising resilience of the American economy amidst political skepticism. Mark Johnson, the publication's education correspondent, dives into the rising doubts regarding the value of university degrees, emphasizing how choosing the wrong one can leave graduates worse off. They also explore the ramifications of book bans and the fight for literary freedom, revealing how these issues intersect with educational value and economic prosperity.
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America's Economic Paradox
- Despite political rhetoric, America remains the world's richest economy.
- This success is underappreciated and could be jeopardized by political actions.
Sustained Economic Dominance
- America's GDP share has remained stable at 25% since 1990.
- Its GDP is now nearly 60% of the G7's combined, showcasing its outperformance.
Drivers of American Growth
- America's economic strength comes from workforce size and productivity.
- Higher fertility rates, immigration, and greater output per worker contribute.