Ok, so who would pick the winners? The free markets, the hard workers and merit… Its capitalism working correctly. Today the winners are picked by bankers who provide either the loans or investment capital. Asset prices determine your worth, it’s rarely based on skills, talent or hard work.
The commercial bankers believe that money is their product and we let them print money to sell their loans, this construct is profoundly evil in an automated advanced technology world. I try to explain that in my book. (Sorry to push my book but it’s hard to explain all the implications in one paragraph.)
Is it just about America, absolutely not. But it is America that has the reigns of economic and military power. Change doesn’t have to start here but it would be a whole lot easier.