> The American economy remains unusually flexible, dynamic and innovative by rich-world standards. This makes it particularly adaptable, especially in times of crisis

I think this almost understates things.

There is no economy in the world like America’s. The combination of its size, its currency, its universities, its military, and its wealth; there just isn’t a comparison to be made.

Germany’s, Canada’s, Australia’s, and England’s economies have much more in common with each other than with America’s.

No growth, only reallocation.