From the Economist of May 26, Special report: China's economy, Investment: Prudence without a purpose; Misinvestment is a bigger problem than overinvestment.
That's a nice linear relationship shown in all the Asian countries. What explains the lower slope of the US - high GDP but lower growth in capital stock? Is the US underinvesting / overconsuming? Much of the growth over this time in America was the rise of the finance industry, which is not capital intensive, whereas the Asian countries are more weighted towards manufacturing.
I wonder what the breakdown is of each economy in terms of manufacturing vs. services.
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