Econ and politics

What is less well understood is the power of bodies acting as ‘Buyers of First Resort’ – where some entity, public or private, helps to establish the first market for a good or service before it has reached the stage where it could support a customer base of its own.

“The fifty most valuable technology companies in the world were worth a combined $ 24.8 trillion as of 2024. American firms accounted for 86 percent of that total value, or $ 21.4 trillion. In other words, the United States is responsible for generating nearly nine out of every ten dollars in value of the world’s top technology companies. And of th... See more