Part of Trump’s legacy is knocking the US out of the top ten countries in terms of innovation for the first time.
In spending on roads while cutting money for research, Trump traded future growth in the US economy for short term employment and tax cuts.
Instead, innovation — which translates into future leadership in technology and economic growth — is split between Asia and Europe. Notably, three of the four Scandinavian countries (Denmark, Finland and Sweden) — already noted as the “happiest” countries on the globe — are on this list. So being innovative goes hand-in-hand with being happy?
The missing include the entire Western Hemisphere, Africa and 53 of the 54 Commonwealth countries (only Singapore is on the list), and all of the Arab states.
Missing also are all of the countries involved in active wars and suppression of ethnic minorities and unrest. That suggests two hypotheses:
- Wars and internal suppression don’t benefit anyone.
- Elites will either spend money to take care of people or spend money suppressing those people. Either way, they will spend. (That’s why I view Trump’s tax cuts as short-term.)
If you don’t recall, Forbes published the “happiness” ranking of countries back in May.
World’s 20 Happiest Countries(3)
- New Zealand
- United Kingdom
- Costa Rica
- United States
- Czech Republic