Why is America so Rich?

Why is America so Rich?

The US learned not to let government run things, and applied that lesson widely.

Unfortunately, private enterprise tends to upset the political order, because the people getting rich aren’t necessarily those with political power. So the politicians tend to stifle private enterprise.

Which is why in most countries, at most times, the government runs a lot of stuff that would be more efficiently run privately — even though everyone knows the government isn’t doing a great job.