What else can we say about the United States, and again, thinking about the business perspective using the macroeconomic and international economic data to tell us a story about this country and to show us what risks and opportunities it presents? Well, one of the interesting things about the United States is it's a very easy country in which to do business. Here you've got the ease of doing business index, which is a fabulous resource for anybody considering doing business in another country. And this is a global ranking in 2017. And here you find that the United States is the easiest of the countries I put on this graph in which to do business. In fact, it's the sixth easiest in the world. So that's very attractive for investors. You see, the UK is right behind them and spot number 7. And then some of the other countries that we will not look at in this course, you move over to the right, and you'll find them. For instance, it's pretty hard to do business in India. It's not so easy to do business in China, but United States stands out as a country that's very business-friendly. On the other hand, the United States, with its very deregulated free market economy, has a problem that could become a serious risk in the future, which is that inequality is quite high. And here, this is the Gini coefficient which we talked about in understanding economic policy making. And this is a number that goes from 0-100, the way I'm showing it. Low numbers mean that people are more equal. High numbers mean that they are less equal. The incomes are less equal within the country. Looking at this, you can see actually the United States is one of the most unequal of the countries who we're going to be looking at in this course. Considerably, more unequal than the United Kingdom, lot more unequal than most European countries and also than Japan. Why do we care about inequality where there are two things that investors might want to keep in mind if they're thinking of whether this high level of inequality, which is rising, presents a risk? One issue is that countries with high inequality tend to become less stable. Politically, they may become less stable because people feel like they're being left out. They may go for populist solutions. They may become violent or protest. So, unequal countries tend to be less stable, and this would be a potential concern for the United States. Another feature of unequal countries is that over the long run, growth doesn't tend to be as robust. In other words, if incomes are very equal in a country, that means you've got a big middle class that's receiving most of the income. And so, they spend it because the middle class tends to spend most of their income. They spend it, and this keeps growth strong. But once you start to be an economy where an upper class is holding a lot of the income and the middle class is shrinking as it is in the United States, then the upper class doesn't spend most of their income. And so, you find that consumption weakens, and consumption is the driver of all modern economies. So, if inequality continues to rise, we could have trouble sustaining growth in the future in the United States at the rates we've sustained it in the past. So, this is a bright side and a dark side once again of the US economy. Easy place to do business could have potential problems in the future due to its rising inequality.