Envy of the world due to network effects and inertia, not due to any inherent superiority of our model. There are some good parts of our model, don't get me wrong, but they do not explain the status of the US system at all.
I don’t see how you can be so confident in that. It’s not at all straightforward to tease apart all the factors.
I don’t see how you can be so confident in that. It’s not at all straightforward to tease apart all the factors.