The Wages Of Destruction
America's key economic advantage -- perhaps -- is that it has the largest "internal" market of any country in the world. It is the third most populated country in the world, with citizens that are far wealthier in the aggregate than those in China and India -- the only two countries larger than the U.S. This advantage in size and affluence means that American companies can become the largest in the world simply by selling to Americans -- thus gaining the advantage of scale that allows them to dominate globally, writes Adam Toze.