I think it's almost unavoidable that China will overtake the USA. Their economy is booming, as is their middle-class population. America seems to be collapsing more than anything else.
[color=#a9a9a9;]Says someone who see's the USA from the outside. [/color]
[color=#a9a9a9;]The USA is not collapsing. I don't know what you read, but nobody is saying the USA is collapsing except for a few fringe news sources. The USA has has a high quality of life, and in some states a booming economy ( North Dakota for example ). The USA is resilient, with many high educated workers. Sure we aren't building the world's tallest building ( we don't need it, we don't build stuff just to build it )
Decades ago people thought Japan would overtake the USA by the 2000s, in fact many economists and politicians predicted it. It was the same buzz similiar to "China overtaking the USA". As we can see, that did not happen.[/color]
[color=#a9a9a9;]It seems you completely skipped my little rant and my points which I believe counter everything you have just said. Let me sum it up [/color]
[color=#a9a9a9;]-America is innovative, we have the capital of innovation ( Silicon Valley ). When is the last time you purchased a consumer electronic product made by a company in China? Not many times[/color]
[color=#a9a9a9;]-America's poor live better lives then China's poor.[/color]
[color=#a9a9a9;]-We have the worlds largest space agency, and many private space agencies ( SpaceX, Planetary Resources )[/color]
[color=#a9a9a9;]-We encourage entrepreneurship, China has crony capitalism and high corruption.[/color]
[color=#a9a9a9;]-The United States has steady GDP growth, the Chinese miracle has lasted 30 years so far - its not sustainable, it will not last forever. [/color]
[color=#a9a9a9;]By 2020 or so, the United States is expected to surpass Saudi Arabia in oil output, and Russia in gas, according to the International Energy Association’s best estimate. By then all of North America should be self-sufficient in energy, which will do wonders for the U.S. trade deficit. Daniel Yergin, one of the world’s leading energy experts, estimates that the U.S. turnaround in energy has generated 1.7 million new jobs, including direct and “induced” employment, and that number should almost double by 2020. U.S. energy industry capital investment this year is expected to be $348 billion, or more than 2 percent of the gross domestic product. - as quoted by reuters [/color]http://blogs.reuters...-economic-boom/
"Liberterianism is a mental disease. A national health crisis and a threat to the future of this country...Worse than the threat from terrorism, asteroids, disease and yes global warming.
It is mindless anti-government idiocy. If it isn't turned back I predict the end of this country as a world power. Simply put the need to educate our entire population like any sane country is sen as wrong by the cult that practice this foolish idiocy. So is simple workers rights, child labor and every other sane policy of the modern world."
-Matthew
"The man who does not value himself, cannot value anything or anyone.”
-Ayn Rand, The Virtue of Selfishness: A New Concept of Egoism
____________________________________________________________________________________________________________________
"The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way."
-Milton Friedman
Sign In
Create Account
Back to top
Are such low wages even the average for Chinese workers right now?
