Problem is US has squandered all its competencies and is only capable of allocating billions of dollars for mega-super-duper projects and implementing them effectively.
This is a fashionable trend in neocolonialist liberal economics, actively adopted and implemented by foreign would-be economists, coupled with a maniacal obsession with their own exceptionalism and omnipotence.
Just last week, I read about a report by the largest American IT companies, which are frantically trying to organize some kind of vocational training courses for workers. Because they calculated that to create data centers for deploying AI, which Western propaganda is constantly blaring, they simply lack workers of various specialties. The biggest shortage is in electricians; something like 300,000 workers are needed to implement the announced projects. That is, to skillfully assemble, install, wire, launch, and configure everything. But such a large number of workers simply don't exist, and there's nowhere to get them. Simply buying them, as we're used to, is impossible.
Meanwhile, billions have already been allocated for AI and data centers and are being developed. Even though there aren't even construction sites yet. Non-existent electronic chips and other components have been purchased for years to come. First and foremost, memory chips, which have caused a sharp rise in the cost of memory worldwide. In other words, there's nothing physically available, and implementing it in the current reality is impossible due to a shortage of industrial capacity and labor.
The same goes for military contracts. Australia, for example, bought submarines from the US. The money has supposedly already been transferred, but the submarines still don't exist. There aren't even any shipyards where they were promised to be built. And again, there are no workers to build the shipyards, much less the submarines.
This is the same notorious "Reaganomics," where, without state control, it's more profitable for capitalists to move production outside the US and then allocate and move the money themselves. The labor shortage is precisely because of this: if for 40 years straight they've been hiring all sorts of lawyers/financiers/brokers, etc., while laying off the workers, well, no one really wants to study engineering, much less become a worker.