Tech is the problem. The internet is global (or perhaps two or three regions), and winner takes all - so global value creation is being experienced everywhere, but being monetised in the US stock market.
Take tech out of the equation and the US is pretty much on par with EU, and China and India are just burning the coal for everyone else.
Take tech out of the equation and the US is pretty much on par with EU, and China and India are just burning the coal for everyone else.