Shervin Pishevar is one of the better-known venture capitalists throughout the world. Concentrating largely in the tech space, Shervin Pishevar has been behind the creation of some of the most iconic tech companies of the last decade, including Virgin Hyperloop, Uber and Airbnb.
He is also a sort of public intellectual, running one of the most-followed Twitter feeds in Silicon Valley. With more than 100,000 subscribers, Shervin Pishevar has a following for his multitudinous areas of interest. Among his followers figure some of the major thought leaders in areas ranging from technology to economics.
One of the topics on which Shervin Pishevar has often held forth through his Twitter feed is the increasingly uncompetitive stance of the U.S. economy as a whole. Shervin Pishevar asserts that the ever-increasingly competitive nature of the global economy means that the negative direction in which U.S. competitiveness is heading is a prescription for disaster.
As an example, Pishevar points to a construction project that was recently carried out in a Chinese city. A train station was built in just nine hours that was capable of handling thousands of passengers per day. Pishevar says that the incredible rate of completion on projects like this demonstrates that China has an enormous competitive advantage in certain areas of the economy.
Meanwhile, he says that such a project in a U.S. city of an equivalent size would be more likely to take nine years than nine hours. Pishevar says that the ability of China to outcompete America on projects like this means that the former country will be able to continue to radically expand its infrastructure and capabilities at a pace that will put it in the global driver’s seat within a few more years.
With China as the unquestioned global economic power, America will have a difficult time ahead. Pishevar says that Americans should expect to lose reserve currency status for the dollar sometime starting in the next decade. He says that this is inevitable, and that de-dollarization across the globe will signal the beginning of America’s terminal descent into the Third World.