Sunday, July 3, 2011

Slipping positions

So is America the number one country? In many ways no. The dollar is no longer at the top of the chart. The middle class American traveling feels a pinch on his purse way more than the locals. This is true in Asia, Africa, and else where. A country's global position is decided by the spending power of the middle class. Not the rich and not the poor, for nothing changes for the poor and rich. But in many ways America is still number one. Hard working people who take pride in their work is America's biggest strength. A lot of people who were willing to work hard gathered on American shores from many parts of the world. Now many have dispersed. Yet, I see no contender for the top post apart from America. China has to get rid of many chains and India has to get rid of many divisions before it can even contest for the number one spot. Canada, Australia, etc are too conservative to become global number one. In other words, America is still number one because there is no other contestant.

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