Our political structure supports the concept of freedom of speech, in addition to our democracy. And, anyone can start a business here, because there are no barriers to that. Our free market structure makes it easy to raise capital and the stock market is, by far, the easiest way to fund a business venture.
The United States may have lost its position in many things, such as manufacturing, but it is still the leader in inventiveness. The companies that drive technology today, such as Apple, Google, Microsoft and Facebook, are almost all American. While the United States faces new competition from emerging countries, such as China, and traditional competition from developed countries, like Germany, it is still the world leader.
The U.S.'s GDP is the largest in the world. Thus, the U.S. can invest its production to gain future profit. This can be indicated by the the high cost of college, indicating the widespread value and benefit of human capital. Little known is the fact that the United States is the top manufacturing country in the world. The difference between the United States and China is that the United States employs machines instead of laborers.
I believe that the U.S. is still on top of the world scene when it comes to ingenuity and inventiveness, however I think that it is on a decline. Recently, Japan has been on the rise and has began to take over in terms of world technology. So, the U.S. may still be on top now, but things are about to make a turn.
We are still the leader for inventiveness, but the rest of the world is quickly catching up. We still lead development in high technology and are also the leader in "green" technologies. However, our lack of emphasis on education is starting to hurt us.
We have come up with a lot of new products and inventions in this Nation and we continue to do so. Yet we need to think about the future and insure that our educational system continues to provide the skills and training to enable our young people to maintain and actualize that ingenuity and spirit of invention, which are so prevalent in the United States.
With stronger labor forces, India, China, and Japan are tackling more tasks and bringing newer ideas to the world markets. The U.S. has a pampered labor force and is largely a service economy, while products are still the primary economic sources for China and Japan. India, also, is developing a strong service economy, including its video and film productions in Bollywood, and these are making a dent in the glory that the U.S. has come to rest comfortably upon. Between technocracy from Japan and massive labor forces in China and India, the U.S. is losing ground, as it expects to keep its achievements and reputation, without putting forth more effort. India, China, and Japan do not perceive themselves as having already won and, therefore, work harder than Americans. However, Americans have a long history of ingenuity and inventiveness, and need only to return to a stronger work ethic to succeed.
Without superiority in the field of education, and without a strong inner desire to work, the United States cannot prevail, in terms of ingenuity and inventiveness. Our education system is becoming increasingly watered down and less, rather than more, is expected of today's students overall. There is also a decline in the desire to work hard in this country today, overall. These factors are going to put this nation behind others.
The US used to be the one to beat when it came to advancement and inventions, however, right now there are just too many countries out there with really good research and development divisions that are actually stronger then the US. There are many technological advancements that come from countries like Japan. It is almost as if the US does not put this as a priority anymore.
Right now the United States is bringing nothing to the chopping block in great technology, whether it be in cars or electronics. The United States is falling behind and is being pounced on by Japan's ability to mass produce and ship inexpensively; Japan is are also putting out a quality product. The United States cannot compete.
Certainly America is still a star when it comes to entrepreneurial genius as exemplified by Steve Jobs, Bill Gates, etc. But we have lots of competition on the global stage now from heavy-hitters like Japan and China. What's more, this competition is a good thing since it fosters continual improvement and innovation.
China is the biggest country to produce new products in this century because of the people who got a better education in the U.S. and returned to prosper in China.
There is an age old idiom that says; "Necessity is the mother of invention". I believe this to be very true. The United States has been at it's most inventive and ingenious when it was necessary for us to be so: when factory assembly lines needed to be developed in order to further the economy, when we wanted to beat the Russians in the "Race to Space", when travel was so difficult that inventions like the railroad and airplanes were born. Lately, the United States has become complacent. We have a lot that we want, but not a lot that we need. With a greater need, other nations are beginning to surpass our production of inventive and ingenious ideas.
Countries in the Eastern Hemisphere, such as Japan, are eons ahead of us in creating new technology. Their now modern day way of life is what Americans imagine our future to be like. Japan is constantly creating new technology to both further life expectancy, create better quality of life, and to create entertainment for that life. America lags sadly behind.