alt Hacker NewsThe combination of tax policy disincentivizing capital investment, and regulatory policy making physical things hard to do has shifting increasing amounts of investment into finance, software, and services (and away from resource extraction, processing, and manufacturing).
This is all a function of the dollar as a reserve currency. The US is optimized to be the place to own things. The rest of the world is where people make things.
Addendum: I think this is bad.