the success of the US enterprises. You mentioned about US capital market, IMO it is a fundamental driving force; it rewards great efficiency hence innovations among the US based business, turns the whole economy into a meritocracy. But it was not like that long ago, up to the 30's. There are many layers to the development of the US market that shadows all the other markets. For instance, the political system played a big role in establishing the regulartory arms for the market.
