America's Downfall

Before making an analysis of America’s downfall, I can sum up in this phrase: “free lunch for the poor, and taxes for the rich.” It resumes the idea of an interventionist and statist state, which under the premise of looking for welfare of its citizens distorts all the economic apparatus. 

America is being blood feed by Welfare State, where immigrants are no longer settlers, and these new incomers are looking for easy benefits granted by the State, and haven’t immigrated to come true the American dream. For this reason, it explains the fact of that seven out of ten Latin American voted for Obama in the 2012 election.

So, in part, the American dream of hard work and economic success have been replaced with Welfare State. Then, what America is cultivating for the future is people who repudiate work and are dissociated with the idea of work as generator of wealth.

Besides, America is sunk in higher taxes which affect profoundly income with distortion, the Government’s expenditure has no limits as the public debt, the Federal Reserve’s monetary police is based in huge expansion; and, on top of all this, there are numberless regulations for the free initiative, then companies and firms are strangled which prevents their expansion and curbs the new creation of employs.To evidence this, American government decides the number of the employer that companies or firms can have in their payrolls, and determines the kind of jobs that companies and firms can create according to the government’s regulations.

In conclusion, the government is the agent who set barriers to the companies and firms to produce, and it is the one element against work. So if an state doesn’t generate wealth through production, then this seeks it through high taxes and the issue of inorganic money through deficit. One consequence of this is that the high class, who are the owner of means of production, begins the search of stability and friendly financial conditions in other countries, because the stuck of the economy can lead to social disturbances.

To prevent America’s downfall is needed to unhook the American citizens from the magical thought that has impoverished the Latin American nations, and return to the former principles: hard work, economic success mirrored in the market, and no government’s intervention. 

In case that a Democratic candidate gains the presidential elections, then the American have a secure passage to the path of turning United States of America into United States of Latin American, so another hellhole country.

America’s Supremacy: Immigration

In previous articles I attempted to analyse the causes for some countries still in the condition of underdevelopment in a global world, also such a reasoning tries to have understanding about this new tendency - which will help to develop in a better society – denominated The New Socialism of XXI Century; socialism that supposedly is not the same one as that of the last century. In the following lines, I will expose the reason for America is always in steps ahead from the rest of the world, which absolutely grants supremacy to the country.

            One aspect that many countries overlook, due to the fact of their underlined regionalism, or aversion or just simply not being in capacity of taking in, is Immigration.

            America owes its increasing specialization, the enhancement of its productive capacity and innovation to Immigrants. They allow American workers to boost their degree of specialization and become more productive –earning high wages. This is a key factor that produces as result supremacy above other nations. As the economist Giovanni Peri states in his research “Technological and scientific innovation is the acknowledged engine of United States economic growth and human talent is the main input in generating this growth.”

            In many countries a skilled immigrant is not considered on the terms of having not been a native-born, and he is catalogued as a disestablishing element in the opportunities for native professionals. This contra juxtaposes with Peri’s description “A team of engineers may have greater productively than an engineer working in isolation, implying that a foreign-born engineer may increase the productivity of native-born team members.”

            Although, it could be stated that immigration is harmful for the economy and society of a country, some papers have found out that immigration has a little adverse impact on natives.

            “Foreign-born workers complement rather than substitute for native-born workers because they have a different pattern of education and skills…” Diana Furchtgott-Roth, Director of the Hudson Institute’s Center for Employment Policy.

            In the United States, in the field of scientific innovation, the leaders are foreign students, skilled immigrants and doctorates in science and engineering. And, America supremacy is summed up in this “For every 100 international students who receive science or engineering Ph.D.’s from American university, the nation gains 62 future patent applications.” According to a study by Keith Maskus, an economist at the University of Colorado, Aaditya Mattoo, Lead Economist at the World Bank’s Development Economies Group, and Granaraj Chellaraj, a Consultant to the World Bank.

            The bottom line conclusion of their research is that “Reducing foreign students by tighter enforcement of visa restrains could reduce innovative activity significantly in the United States.”

            So those countries that restrain immigration are deprived of innovation. It is hard for them to attain a high level of advance and supremacy over other nations.