What characterizes the U.S. economy and what changes does Gary Cohn anticipate after COVID-19?

The U.S. is fundamentally a consumption-based economy, with 80% of employment and GDP driven by consumer behavior. Americans are accustomed to consuming through entertainment, dining out, and shopping. However, Cohn believes the pandemic has exposed the need for strategic changes, particularly returning to domestic manufacturing of essential goods. While confident that consumers will eventually return to normal habits like visiting theme parks, he emphasizes that companies must be incentivized to produce strategically important items within the United States to ensure self-sufficiency in critical sectors.