It is the Culture...

It is the culture, not the economy, what has the upper hand in the level of development and quality of life in a country. Social and economic ills such as under-development and inequality are a result of imbalances that respond to systems of cultural beliefs. For example: Conflicts in Africa are a result of tribal separation; Latin America inequality is a legacy of European, catholic complemented, colonialism.

That is pretty clear. but not so when we apply this conceptual apparatus to the U.S. Why America have been steadily losing its grip as first economic power in the world in the last decade or so? While on the other hand we have witnessed an increase in economic and financial gains in places like China, India and Brazil? I believe this responds to an improvement and evolution of cultural mindsets or cultural systems in those countries.

But the opposite is happening in the U.S. We have a black president, but U.S society in general has not become less racist because of that; some sectors have not become less arrogant or thinking to be less entitled to ethnic superiority.

If the U.S. wants to regain its status as the greatest superpower it has to evolve culturally, in accordance with the times. The number one priority in the U.S. is not the economy or the financial system. The number one priority is the culture for as long as racism and xenophobia persists in America the economy will be worst of and the financial inequality will increase.

It is the culture, not the economy, to what we should be paying more attention to in the U.S. Improve the culture and the economy will follow.