why the US has lost its economic competitiveness against China
Manufacturing in US is a victim of the Cold War, Monopolies and financialization are byproducts see this https://www.williampolk.com/ws/media-library/ca56893a1dbc480db1de0d7ecd462a14/talk-at-bennington-college-students-and-faculty-on-september-15.pdf and this https://news.vanderbilt.edu/2008/04/30/new-seymour-melman-work-debuts-in-vanderbilt-journal-ameriquests-publishes-war-inc-a-critique-of-americas-permanent-war-economy-58144/
Also petrodollar recycling facilitated rent seeking.
Manufacturing in US is a victim of the Cold War, Monopolies and financialization are byproducts see this https://www.williampolk.com/ws/media-library/ca56893a1dbc480db1de0d7ecd462a14/talk-at-bennington-college-students-and-faculty-on-september-15.pdf and this https://news.vanderbilt.edu/2008/04/30/new-seymour-melman-work-debuts-in-vanderbilt-journal-ameriquests-publishes-war-inc-a-critique-of-americas-permanent-war-economy-58144/
Also petrodollar recycling facilitated rent seeking.