Comment Re:Why United States vs Elsewhere (Score 1) 74
Its not clear to me why people would choose to invest in the United States instead of emerging markets if the emerging markets provide better opportunities for growth....
It's complex of course, one of the big reasons is the weaker institutions in emerging markets. There's corruption, bribes, weaker and uncertain legal systems, extensive byzantine bureaucracy, and significant political risk.
Ironically enough, this sounds a lot like post-pandemic America.