"Structural faults": this means longstanding failures, either by design or political weakness or due to other so-called cold war foreign policy agendas, to promote domestic prosperity.
The structural 'faults', that caused these failures, are political.
Moreover, developing 'economies'(a misnomer) did not, by themselves, end our so-called 'competitive advantage', (Porter's term, which I thoroughly detest).
This is a basic fallacy of causation ascription. Our political failures caused loss of 'competitive advantage', (were that the right term), because these economies developed under our misbegotten open market policies themselves!
Without our open and wealthy market, and transfers of our technology, know how, and facilities, they could not have developed in the first place.
'Structural faults' have to do both with the structure of the American system of government (not the 'economy'), and with its treatment of property and commercial rights and relationships. These include such things as corporate forms, corporate ownership, and corporate finance, markets in debt and equity securities, and other aspects.
Merely pointing out, in an op ed piece, the short profitability time horizon of fund managers, selects only the tip of an iceberg of inappropriate institutions and relationships, which have been manipulated, along with political machinations, against the interests of average Americans.
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