Construction costs are only one aspect of the US economy.
Silicon Valley would not have happened elsewhere. Neither would the dot-com era, or a viable electric car industry (proved out by Tesla). Every FAANG is American and their only viable competition is in China.
I don’t know what the next transformative industry is going to be, but I’d be shocked if it came from a risk-averse place like Western Europe.
Silicon Valley would not have happened elsewhere. Neither would the dot-com era, or a viable electric car industry (proved out by Tesla). Every FAANG is American and their only viable competition is in China.
I don’t know what the next transformative industry is going to be, but I’d be shocked if it came from a risk-averse place like Western Europe.