The United States does not have a true market economy. It has a system of de-facto monopolies reminiscent of slum lords. That's why sectors like medicine have such a highly distorted cost structure that they function as a Mafia. That's why I (and Yanis Varoufakis) say that we are now living under a system of neo-feudalism.
The reason China and many European nations are surpassing the US is bec
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