More evidence of America’s relative economic decline
For the last 50 years a small group of people have been worried about America’s economic decline relative to the other developed nations. President Eisenhower was the first to be concerned about this, and convened a special commission of economists to examine the issue. Starting in the 1970s, the pace of decline accelerated, and the decline began to erode the standard of living for the poorest 40% of all Americans.
Here is one more small article documenting a small part of that decline:
The number of companies listed on U.S. exchanges has dropped by more than 22% since 1991 and nearly 39% since 1997, even though that was around the beginning of the dot-com boom, Grant Thornton reports in a study that was two years in the making and was first reported by peHUB.
U.S. exchanges are losing ground to exchanges in China, London, Italy, Tokyo, Toronto, Australia and Germany, where listings continue to increase. In the U.S., meanwhile, there are not enough new IPOs to replace the number of companies that are being delisted.