From Zero hedge here:
The United States was falling behind on education. That meant people who were losing their jobs weren’t being retrained to the jobs that were available. Also, the US doesn’t have a strong safety net. So when people lose their job they can fall quite far. That’s why America is much more focused on strong growth than other countries. Since the safety net is so weak it needs strong growth in order to avoid public anger.
Recent history also shows when you push for extremely strong economic growth you also end up with fraud and abuse which is inflicted on everybody not in the ruling class but minorities especially.
In a post industrial society you can get your goods and services from two places: from the government or from companies.
Look at healthcare — you have a half baked healthcare system (Obamacare) that was always afraid of having government pick up the tab (outside of the successful Medicaid expansion) so it has floundered. Or you have the corporate insurance market where you’re at the mercy (or not) of insurance companies.
If we didn’t have such a shitty government we wouldn’t have to endure such a shitty, predatory economic environment.