In the late 90s the US was in a position of power that it no longer holds.
It had just one the cold war and China wasn't even a shadow of what it is now.
Almost all of the major tech companies are either HQ'ed in the US or have a very significant US entity, and make up probably about half of the S&P500. The US's power has changed and is actively changing, but the US still holds all the cards in 2026.
Almost all of the major tech companies are either HQ'ed in the US or have a very significant US entity, and make up probably about half of the S&P500. The US's power has changed and is actively changing, but the US still holds all the cards in 2026.