I’m betting on America
June 2nd, 2008I was at a coffee shop yesterday with two other bloggers and I came across a Newspeak article written by some Indian (dot, not feather) guy about how America is on a decline and will be passed up. He goes off on America, saying that it’s no longer a good place to live, how Americans are unhappy, and a bunch of other crap. We just sighed and dismissed his nonsense.
For his American unhappiness, he uses a figure that 81% of Americans don’t like the way America is headed. Huh? Can you be a little bit specific? I don’t like the way this country is headed, but there’s not one other country in the world I’d rather be (and yes, I’ve been to plenty). OK, I’ll admit, I’d rather be vacationing back in the Caribbean right now, but to live, that’s what I meant.
For one thing, this guy is seriously biting the hand that feeds. India would be just another run of the mill third world country had it not been for America. You know this. The whole world knows this. But his head is too far up his ass to admit it, apparently.
Then he brags about Bollywood being bigger than Hollywood. So what! Let me get something straight. NOBODY in the world other than Indians watch the crap that comes out of Bollywood. The only reason it’s bigger is because there are 1.1 billion Indians in India alone. Their middle class alone is bigger than the entire United States’ population. Of course Bollywood is bigger. That still doesn’t change the fact that their movies suck.
United States, England, Japan, France, Spain, Italy, and Mexico all produce good film. I’m not too crazy about Hong Kong film, as I think it’s overblown, but it’s also considerably better than Bollywood film. Not saying much.
Now, don’t get me wrong. I’m not anti-Indian. I’m just anti-this guy. Being in Software, of course I have close friends who are Indian.
I get defensive of my country. That’s how I am. Sure, we make mistakes. Our current President is corrupt and not very intelligent. The President before that may have been a sociopath. The one before that is the guy who taught the current President how to be corrupt. Yet, America chugs on. A President, no matter how bad, can only do so much damage.
So, I’m betting on America. I’m putting my money where my mouth is. When the Dow dipped below 12k, I went all out straight up Dow. Say what you will about America, but we’ll see who’s laughing in 10 years.
America leads the world in inventions. Still. Japan is #2. NO ONE else is even close. The #3 spot is a joke, and so unworthy I won’t even mention them.
America leads the world in Nanotechnology and also Biotech, two markets which will be huge in the near future. The amazing thing about those numbers is in both categories, America leads every other country in the world combined. Yes, that is not a misprint.
Doubters talk all day about the rise of China and India. I’m not worried. China is Communist, and we all know how Communism punishes the strong and rewards mediocrity. The Chinese have had a long history of being innovative people. This generation’s innovative Chinese have been run over by tanks, or are keeping their mouths shut because they don’t want to rock the boat.
India on the other hand never had a history of innovation. It’s not in their culture. They make excellent workers, but innovation? No. Their schools teach how to be employees, but not how to create. Copy? Sure. Create? No.
Europe has had better days. They’ll rise again, sure. But too many Europeans are obsessed with both political correctness and Socialism, two things that will cripple them and hold them back from achieving their utmost potential.
Don’t believe me? Fine. Think of the ten coolest things invented in the past 50 years. Bet at least nine on your list would be invented by America or Japan.
As for Japan, they’re our best friends. I’m not worried about competing with them, because of all our allies, besides Canada and the Thais, they’re probably my favorite.
Now Latin America on the other hand, I really see a strong future and America is making a HUGE mistake by trading too much with China and not enough with Latin America. If I were running this country, I wouldn’t miss this opportunity.
So if you think America is doomed, fine. Sell all your American stock. Get rid of all your American dollars. Invest elsewhere. Just don’t cry to me if you see everyone else get rich investing in America.