Friday, 19 Sep 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • House
  • VIDEO
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Are we rich? – Econlib
Economy

Are we rich? – Econlib

Last updated: September 16, 2024 9:01 pm
Share
Are we rich? – Econlib
SHARE

Upon stumbling upon the following two tweets, it sparked my curiosity:

While some may see these tweets as a “gotcha” moment, suggesting that JD Vance inadvertently made a case for increased immigration, I am more intrigued by the underlying motivation behind Vance’s claim.

Political statements can be analyzed in various ways. They can be seen as reflections of a politician’s personal beliefs, but it is also crucial to consider the strategic reasoning behind why a particular statement is made. Successful politicians often express views that they believe will resonate with voters, regardless of their personal convictions. It’s about conveying a message that is likely to be persuasive to the audience.

In this instance, I’m less concerned with Vance’s personal beliefs and more interested in what Vance perceives the public believes. By advocating for this argument in his campaign, Vance seems to believe that the public does not view America as one of the wealthiest countries in the world.

It would be enlightening for a pollster to inquire about whether the US or China is considered the richer country. I suspect that a notable portion of respondents might incorrectly assume “China” to be the answer, despite the US being significantly wealthier.

Another thought-provoking question would be, “Does the US abide by international trade laws while other countries engage in cheating?” Once again, I anticipate many misconceptions in the responses (yes, the US also partakes in unfair trade practices).

It appears that when the public is optimistic about the country’s status, nationalist sentiments have less appeal. Looking back to a time when the US unequivocally led the world, such as 1965, public sentiment was more supportive of global institutions. However, when there is a perception that other nations are surpassing the US, particularly through unfair means, nationalism tends to surge.

See also  Chaos and Complexity Economics (with J. Doyne Farmer)

A few months ago, I wrote a post highlighting the intriguing fact that the US, despite accepting the most immigrants, remains the wealthiest nation. Vance’s statement, although couched in conditional language, essentially aligns with my previous observation. While he implies that the US may not be the richest country, he and I both agree that there is a causal relationship between America’s high immigration rate and its standing as one of the world’s wealthiest nations.

The next puzzle to solve is whether America truly qualifies as a very affluent nation or not.

TAGGED:Econlibrich
Share This Article
Twitter Email Copy Link Print
Previous Article Morgan Stanley lays out the stock market’s best-case scenario for this week’s Fed decision — and 2 areas to buy after the cut Morgan Stanley lays out the stock market’s best-case scenario for this week’s Fed decision — and 2 areas to buy after the cut
Next Article Forget folds—Samsung’s next trick could be a massive phone you roll up Forget folds—Samsung’s next trick could be a massive phone you roll up
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Signings, Deals, Dish About Talent Agencies, Managers

Tenpercenteries, the beloved column that gives readers an inside look at Hollywood's top talent agencies…

March 1, 2025

Netanyahu’s Message For People Of Lebanon After Deadly Strikes: 10 Points

Following Israeli strikes that resulted in the deaths of nearly 500 individuals in Lebanon, Prime…

September 23, 2024

Protecting Your Garden From Invasive Plant Species

The Dangers of Invasive Plant Species in Gardens When we think of creating a beautiful…

March 20, 2025

Retired FDNY cap accused of manslaughter in parking lot beating incident

A retired NYC firefighter has been charged in the beating death of a Long Island…

March 1, 2025

Sunscreen may have kept ancient humans alive during a polar reversal

The study of ancient humans and their adaptation to Earth's changing magnetic poles sheds light…

April 16, 2025

You Might Also Like

Bicycles Before Business – Econlib
Economy

Bicycles Before Business – Econlib

September 19, 2025
Amazon Stock (AMZN) Backed by Analysts on GenAI Growth and AWS Strength
Economy

Amazon Stock (AMZN) Backed by Analysts on GenAI Growth and AWS Strength

September 19, 2025
The Anthropic Settlement: A .5 Billion Precedent for AI and Copyright
Economy

The Anthropic Settlement: A $1.5 Billion Precedent for AI and Copyright

September 19, 2025
NBA star Kevin Durant can’t unlock his Coinbase bitcoin account
Economy

NBA star Kevin Durant can’t unlock his Coinbase bitcoin account

September 19, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?