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Wake up, America: The world just isn’t that into you

Summary:
To much of the world America looks like a declining power, precisely because it is a declining powerThe people with big jobs in Washington came of age in the 1980s and 1990s, when America was the technological marvel of the world, and American inventions created the digital age. We haven’t done a lot lately except code some complicated software.China has installed about 80% of the world’s 5G mobile broadband capacity, the carrier for the Fourth Industrial Revolution as much as railroads were for the First Industrial Revolution, and is moving much faster towards smart cities, automated ports, autonomous vehicles, self-programming robots and a wealth of other 5G applications.Asia  TimesWake up, America: The world just isn’t that into you

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 To much of the world America looks like a declining power, precisely because it is a declining power


The people with big jobs in Washington came of age in the 1980s and 1990s, when America was the technological marvel of the world, and American inventions created the digital age. We haven’t done a lot lately except code some complicated software.

China has installed about 80% of the world’s 5G mobile broadband capacity, the carrier for the Fourth Industrial Revolution as much as railroads were for the First Industrial Revolution, and is moving much faster towards smart cities, automated ports, autonomous vehicles, self-programming robots and a wealth of other 5G applications.

Asia  Times

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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