This isn't true. Follow the links. 88% of Fortune 500 companies in 1955 are not in the Fortune 500 today. That's very different.
Look at, say #497: Bullard Co, doing a "hefty" $50.2 million in annual revenue (~$510 million in 2022 dollars). It merged with White Consolidated Industries in 1968 with shareholders receiving stock in the deal. White Consolidated was purchased by Electrolux in 1986 with shareholders receiving a cash payment.
Electrolux is obviously still around, but is not listed on NASDAQ or NYSE. Is Bullard really "gone"?
If you believe your neighbourhood is in decline, you must move. Perhaps this means you move to a new city within your country, which is much easier than a new country.But if your country is the one in decline you have to go to this further pain of moving to a new country.
If you believe America is a sinking ship. Move. You can't really listen to other's advice.
>For the first time, America can no longer take its lead for granted. As it seems, China is doing well. Ray Dalio writes extensively on this topic in his novel The Changing World Order.
Ray Dalio is an agent/operative who forced the hands of the enemy.
https://www.youtube.com/watch?v=xguam0TKMw8
His assertion at say 7:48 the USA has gone over the peak and it's aimed downward now. That you need to do things like forgive student debt. Which happened right?
https://fred.stlouisfed.org/series/GDPC1
Wait where is the USA on the graph? Oh they are for sure before the peak? Why did Ray dalio intentionally misrepresent?
And I believe the graphs are a collection of data inputs like education quality and debt or whatnot, so GDP isn't full representative, although our growth has slowed at the minimum.
In a real sinking ship, people on board can bail. They can man the pumps. They can close and secure water-tight doors. They can used wedges and a hammer to block the openings (as Tom Scott tried at https://www.youtube.com/watch?v=xXC6U0NfJg8 ).
"If not for the courage of the fearless crew, the Minnow would be lost."
If the Minnow had a life boat, should the Skipper and Gilligan have fled in it, and left the passengers behind?
A neighborhood where everyone only watches out for themself and leaves at the first sign of trouble isn't really a neighborhood, merely a place name for transient housing.