I hope everyone is enjoying the 2016 Olympics as much as I am. The Summer Olympics showcase many of the sports we love to cheer for. From swimming, track and field, tennis, soccer, and the many other sports, these are great spectators’ sports. As an American it brings a great amount of joy to see how well our country fairs in many of these sports. Once again, the USA is leading in the metal count as of Aug. 13th. And I believe, before it is all over, the United States we will win the metal count once again.
Source: USA Today’s Sports
Why does the USA dominate in so many of these sporting events? Is it based on our great wealth? Our countries obsession with sports? Is it our great weather here in the USA? In my opinion, these factors play a role in the success in the Olympics. But I would argue that the main reason is that our system is based the success of the individual. In other words, “Individualism”.
Individualism is a bottom up approach vs. a top down approach like China. Individualism is based on an individual’s drive, determination, sacrifice, and willingness to take chances. It rewards those that find their way to the top. It is the best method for achieving greatness.
Collectivism embodies the idea that a central agency will determine the best approach and mechanisms for achieving greatness. This agency determines who will participates and how they will go about obtaining these skills.
Why does it matter? Because this example of how our country dominates in the Olympics parallels on how we have become a Superpower. This Country was built on individuals obtaining greatness. We have provided a culture and system that rewards these behaviors. Having the ability to win big provides the incentive that most other countries do not embody.
As we continue to watch the Olympics in 2016, let’s not lose sight of how the USA has gotten here. The system that we have fostered is the best! It is also the best way forward for achieving great results as a country. USA!! USA!! USA!!
Tom holds a B.S. in Economics from Florida State University and a MBA from Nova Southeastern University. Tom has over 30 years experience in investing and economics. He has strong faith, love of country, and strong desire to help others. This has lead Tom to create and promote MonieStorm.