Simply put, the Americans have the world’s highest capital base, yet among the lowest need for that capital.
Since no organization and relatively small amounts of capital were needed, the American government felt little impetus to regulate how that capital was collected, managed, invested, lent, borrowed, or repaid. Instead the Americans allowed the market to take the capital to wherever it wanted.
- p. 71
The United States won’t just lose interest in global energy security, it will lose interest in global energy altogether. The United States won’t just lose interest in global trade supply-chain security, it will lose interest in global trade in its entirety. The only pressing need for the Americans to go beyond their shores will be to guarantee their own shipping, and with evolving technologies like shale and 3-D printing, shipping is already accounting for a shrinking, not growing, percentage of American GDP.
- p. 154
Just as geopolitics tells us that the free trade era is closing, demography tells us that the era of consumption-driven growth that has been the economic norm for seventy years is coming to an unceremonious end.
- p. 93
In the world to come, Americans won’t have much need for the rest of the world. And what needs they do have will be largely divorced from what they perceived as important in the period of 1946 through 2014. Without global needs or global interests, there is no reason to impose a global order.
- P. 155
Simply put, Canada does not need to sustain a large internal market or even traditional domestic financing, because for all intents and purposes Canada has already become a satellite economy of the United States.
The average immigrant into Canada is thirty-two when he makes the trip, while the average Mexican immigrant into the United States is but eighteen, 1 giving would-be Americans ample time to pay into the American system before collecting pensions.
Each skilled immigrant who comes to the United States saves American society about a quarter million dollars in educational costs alone.
- p. 327
America’s strengths may be accidental, but they are strengths—and durable ones at that—nonetheless. Simply put, the world is indeed going to hell, but the Americans are going to sit this one out.
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