Shervin Pishevar is one of the country’s most accomplished entrepreneurs and venture capitalists. In what little free time he has, he also manages to run one of the most popular Twitter feeds in the world of tech, with nearly 100,000 followers. Recently, the inveterate tech leader engaged in a 21-hour tweet storm, in which he addressed topics ranging from the role of the Federal Reserve to the problems that the United States is facing in staying competitive.
One of the serious issues that Pishevar sees coming is the generally failing infrastructure of the United States and the bloated and incompetent bureaucracies that allow it to happen. Shervin Pishevar says that the United States has some of the highest tax rates in the world. Yet the country’s taxpayers seem to get very little for the outrageous sums that they are compelled to pay.
Shervin Pishevar says that crumbling U.S. infrastructure is leading to serious problems for the country’s competitiveness. He cites recent controversies over tariffs as an example of one of the outcomes that follows from having poor infrastructure and unnecessarily high transportation and manufacturing costs relative to other industrial powers. As one example, Shervin Pishevar points to the fact that China is currently able to manufacture steel far cheaper than companies in the United States. This, he says, is largely due to the simple fact that China has a more efficient raw-materials transport system and has lower labor costs.
The problem with things like this, says Pishevar, is that the fundamental problem is not the unfairness of free trade but that the United States simply is not competitive on a global level. He says that steel production is but one spoke in a massive wheel of bureaucratic incompetence and infrastructural decay, which will eventually lead the United States to become a second-tier player on the stage of global trade.
Pishevar believes that America’s lack of competitiveness in nearly every major industry will eventually lead to the decline of the U.S. dollar as countries realize that it is no longer the best reserve currency. He says that the likely end is America’s slide into a third world backwater.