By Ted Becker
Is the USA really still #1? In military might, sure it is. In Gross Domestic Product (GDP), yes (but not for long). In basketball, you bet. Football, too, since almost no one else plays the U.S. brand of it. But what about America’s general political economy, how are we doing there—since that’s what most everyone cares the most about?
On February 19, 2011, The New York Times ran the chart at the bottom of this blog called “American Shame.” It is a compilation of 8 political economic indicators that compare the IMF’s 33 “advanced economies” – a comparison one might expect the USA to dominate. (more…)