Why Did Globalization Fail In The United States?

The relative importance of technology, political liberalization, and financial capital as forces of globalization is best understood through a chronological lens. As a historical rule, financial capital drives globalization. Globalization, at its core, is access to capital and expanding liquidity enabling investors to serve as the catalyst for technological advancement and societal development. Why did Spain become a world power from 1492-1763? Money. The same could be said of the United States in the 20th century. Money enables the discovery, invention, and innovation that serves as the foundation for population growth, technological advancement, and, ultimately, globalization. The cornerstone of what brought the world from many villages to one village is the ever-expanding access to capital and liquidity that eventually enabled our world to innovate to better support ~7B people or transmit information across oceans in nanoseconds. While financial capital was the main driving force behind globalization from 10,000
This is because under socialism the means of production are with state-owned enterprises with surplus trickling down to the people. The state provides the funding for universal access to state goods and industries are focused on the collective good with all proceeds benefiting every member of society. Economic output is thus optimized and furthermost effectively distributed and everyone fairs equally. Even though this system works in Sweden I would argue that it would fail in the United States merely due to a much larger population and the fact that it is a heterogeneous mixing pot, which in turn fosters animosity among diverse subsets of people and promotion of group self-interest. Socialism seemingly works in more homogenous groups of people that hold similar values and cultural practices or in societies that are fully assimilated across many different groups of