Americans paying more to live longer. Per capita annual health care costs in 1960 were $1000 (real dollars) and life expectancy 70 years. Today per capita annual health care costs are $7000 and life expectancy 79 years. Many (most?) Americans are rich enough to willingly pay an extra $6000 each year (a total of over $400k!) for an additional decade of life expectancy, but it's not exactly an impressive result for 50 years of health care innovation.
The real cost of primary + secondary education has risen 3x in the last 30 years, but has this resulted in improved human capital? Not if judged by average (real) wages. (Or, perhaps the fruits of productivity gains have been stolen by the rich? The top 1% of wage earners have done extremely well over the same period :-)
Who is shaping the future? Global venture capital investment is dominated by the US, with China almost equal to Europe ex-UK. Israel is tied with the UK and leads on a per-capita basis.
