https://dealroom.co/charts/us-hubs-map
60% of the entire world's startup funding comes from the US.
The primary reason people immigrate to America is so that they can make money or become wealthy in some way. That’s it, there’s no other driver, so in general (not universally) the public doesn’t care whether you get your money from, cause they figure it’s yours now.
Why is that? It’s because it’s the simplest country to start a company and tons of liquid money is here.
You literally only have to have a legal resident of a state create an LLC with somewhere between 10 and $50, and you can start accepting payments for services the same day as incorporating the organization.
The regulations are only on enforcement when they get caught, and fines are usually manageable if you’re profitable, for the major majority of labor activities.
I just don’t think people understand the uniquely anarchic reason America continues to dominate capitalism: “Nobody is practically going to stop you from starting something cause you just move states which have different laws but the money flows fine”
What US has a great entrepreneurial culture but it is extremely inefficient and the Chinese appear to be innovating much faster with much less drama, utilizing the resources much better. Chinese phones for example have much better batteries and some other specs although Apple has upper hand in branding and UX, Chinese are on par or even better in AI and really very few things are more advanced in US.
Maybe it wasn’t a good idea to give 100s of billions of money to a guy to spend on 3D avatars and goggles just because figured out social media? I bet you that if US had better distribution of wealth(not talking about socialism, just greater number of middle class people and even billionaires that are not all commanding 10s of billions) it wouldn't have ben "90% US and China" but %90 US. This %90 US and China combination seems to be tipping more and more in China's favor. More like %50 US %40 China, up from %70 US %20 China from a few years ago?
If anything, US looks more and more like late imperial Europe these days with nationalism, desires to have a king(and desire to get rid of that king), conserve instead of innovate, identity and pedigree over meritocracy, gender control, sex control, control of the politics by wealthy families or individuals, fascist ideals and so on.