One of the pillars of a thriving economy is the rule of law. Those (entrepreneurs) who risk their capital and create things (which leads to job creation) need to know that private property and contracts will be protected, and that the legal environment is stable and predictable. These no longer exist in today’s legal and economic environments.
…it simply doesn’t make much sense to start any business that isn’t a location-tied service one in the USA anymore.
As Schumpeter explained, no entrepeneurs means no economic growth, which means declining societal wealth and eventually grass hut city time.