Victor Davis Hanson argues that the United States maintains a dominant global position in emerging technologies, including artificial intelligence, space exploration, and genetic engineering, despite narratives of decline.

Key Points

• The U.S. hosts 850 tech companies valued over $1 billion each, with a combined market capitalization of $5.2 trillion.
• American firms, led by SpaceX, currently outperform international competitors in satellite deployments and rocket launch frequency.
• The U.S. controls approximately 85% to 90% of the global software market, anchored by major corporations like Apple, Alphabet, and Microsoft.
• Eight of the world's top 10 most-used artificial intelligence platforms are based in the United States.
• The U.S. maintains a significant lead in the genetic engineering sector, with the majority of top-tier global companies located domestically.

Why it Matters

This technological leadership is a critical factor in determining future global economic prosperity and national security. By securing a near-monopoly on foundational emerging technologies, the U.S. economy remains positioned to outpace international competitors like China and Europe.