Comment Macroeconomics of power (Score 1) 29
When I was in college circa 2000, my undergraduate macroeconomics professor pointed out why the US is so attractive to corporations. "If you want to setup shop in China," he said, "you will need to pay for your own backup generator because the power grid isn't reliable like it is here." He went on to explain similarly about labor - how the US constantly produces a supply of educated people (referring to us in the classroom). So when you incorporate in the US, you have everything you need.
For decades people have predicted this would change, and the time has finally arrived. From 2010 to 2020, the US built 1 new nuclear reactor, while China built 30. Education? While we debate subsidies for solar, China covers entire mountains in solar panels. Foreign student enrollment dropped 15% overall, with big universities seeing as much as 63% decline (DePaul University). The foreign students paid disproportionately more tuition, so universities are going to experience a budget declines next year.
We are digging our own grave.