Smoothing System
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What country with a population higher than 50,000,000 has the most efficient system?
The U.S. has a mindset of accepting inefficiency and nothing running smoothly with a mindless grin and bear it attitude. It is unbelievable how often the most essential services don't work such as
phone service and the electrical grid. For those who have lived in other countries, which one of them with a population of over 50.000,000 has the smoothest running system that would blow Americans away with its efficiency?
China probably because there seems to be an unanimous thinking amongst economists, politicians, businessmen etc that China will become the largest economy in the near future.
This may sound hard to accept but this is the collective thinking presently. For example, China is the biggest holder of American Treasury Bills. It has high saving rate and is channeling those savings into investment in infrastructure, education, healthcare, acquiring overseas companies, improving technological and production edges etc. These are enhancing economic efficiency, unlike the American economy presently.
I personally wish that America can still have the most efficient system in 50 years time as compared to 50 years ago and be ahead of China.
China is closing the gap very fast with America because they learn fast and avoid the same mistakes which other economies make. America needs to be smart too in order to avoid the pitfalls of the past years.
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