https://www.youtube.com/watch?v=snAhsXyO3Ck
i found the above inked CGP Grey video to be helpful i watch it once a week to keep things in perspective.
hope this helps others too
random thought: Can this be why colder countries are doing better than hotter countries, by being forced to stay at home/shelter during winter periods.
Look at Europe, the north does significantly better than the south in most cases. The southern countries in my opinion, have far better quality of life.
The US used to have fairly strong antitrust enforcement.
Here is an excerpt from [0].
"To get a flavor of how thoroughly the federal government managed competition throughout the economy in the 1960s, consider the case of Brown Shoe Co., Inc. v. United States, in which the Supreme Court blocked a merger that would have given a single distributor a mere 2 percent share of the national shoe market."