Is the US or China the world’s economic superpower?
TBS Report
01 October, 2021, 02:40 pm
TBS Report
01 October, 2021, 02:40 pm
Is the US or China the world’s economic superpower?
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Message taken.Understood. I will not start any such off topic provocation, but I may or may not choose to respond. Your selected team of moderators should learn to behave as their duties require.
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That is all very true. But understand this. Soft power follows hard power. Until yesterday China was known as land of famines and poverty. All the things you mentioned will follow as China consolidates her position. look forward to 2050-2100 for Chinese soft power to make impact.A lot of stuff have been mentioned so far but people forget one thing which is VERY IMPORTANT when we talk about a country becoming a True Superpower and that is Culture and Soft power.
The PRC just doesn't have anything at all to show to the world: They neither have movies or music the world wants to consume, neither produce any TV shows and sports people want to see. Chinese will never ever be a world language. Chinese music will never ever be popular abroad. Even Japan and Korea have bigger Cultural influence over the modern world than Maoist China.
After taking over Honk Kong (with it's huge Movie industry) and for years warming up it's relations with the World and opening up, instead of building over their huge successes Comrade Winnie the Pooh decided to beat the war drums and turn China into a bigger version of North Korea.
ps No matter if you like it or not- We are all living in America.
That is all very true. But understand this. Soft power follows hard power. Until yesterday China was known as land of famines and poverty. All the things you mentioned will follow as China consolidates her position. look forward to 2050-2100 for Chinese soft power to make impact.
If you look at all of the 1st world countries, most if not all were monolith entities and have evolved to their modern form. Expect the same for China in future. Think of USA as effectively a monolith whose backbone was shaped by few white men mostly of Anglo-Saxon heritage. Then as generans rolled on it slowly began to be more inclusive.Issue is soft power needs govt to be less of a monolith....since soft power inevitably needs a lot of "A vs B" stuff at deep level in society's debate to generate, sustain and capture people's attention truly.
Will have to see how PRC manages that.
If you look at all of the 1st world countries, most if not all were monolith entities and have evolved to their modern form. Expect the same for China in future. Think of USA as effectively a monolith whose backbone was shaped by few white men mostly of Anglo-Saxon heritage. Then as generans rolled on it slowly began to be more inclusive.
China is a very different case ??? They just collapse slower than Lybia and Argentina when reaching $10000 GDP per capita.I partially agree and disagree. China is a very different case in many respects.
China is a very different case ??? They just collapse slower than Lybia and Argentina when reaching $10000 GDP per capita.
Look at evergrande, this company would collpase at least 5 years ago bcs it only create Ghost towns all over CN.
You mean both US-CN also have serious problems like too many idiots in US now and CN despite having many problem still can develop for quite some more time ??Yah I am talking more about the larger society rather than economy. Every large country is pretty different case to another on it.
GDP is overrated to me to begin with. Standard of living (and transparency and full accountability of that) matters much more....and that is a deeper society thing I keep track of....along with the psyche issues in the society (even more interesting to me).
Industrialisation = easy route, raw march etc
Post-industrial = needs confidence in own skin (and true understanding of the core foundational principles leading to own's success so far)...otherwise the angst and self-doubt will commence...and the growing mental psychosis from that will start to rip large segments of the population away from each other in basic issues like trust and tolerance.
Given China is well in the industrialisation phase....China can stagnate/collapse in some fashion economically and still be very appreciable just by its raw population size and "easy route" on offer to develop for quite some more time.
For China we have to see how this stuff goes first etc for sure:
But just remember the (post-industrial) US has immense problems within it too, that it has now created (quite unnecessarily for "Soft power" political purposes within it) and let fester to divide its people since the end of the cold war.
The "culture wars".
It has led to the most incompetent worthless senile "president" they have ever seen occupying the white house right now.
He is truly abominable....and what is more abominable is how the system's elitists carry water for him since they put him there.
They are accelerating the self-inflicted incredible harm on their long-term system and society as result, thinking it will just be strong enough anyway....or just ignoring that all together since they feel their elitist bubbles will hold up at least.
It is truly astonishing to me just how much of a rush the US is in (at least one massive part of it - the democrats and self-professed "liberals" and "progressives") to undermine its core greatest strengths.
The over-expansion of govt girth and power (and its consolidation with the oligarch cabal to promote more of the same)....while at the same time festering this incompetence and immorality in that govt quality...especially its executive branch....is something quite without parallel in the modern time and given what it had inherited to work with at end of cold war.
Literally didnt think I would live to see the day where a fed ex-chairman (now treasury sec given the "insiders club that you arent invited to" as carlin would say) literally yapping for a big-bloated govt pro-sleazy-politicians bullet point in totally removing the debt ceiling from legislature action ....when the limit is already this ridiculously high (And has been increased again and again like a diabetic hooked on sugar).
Talk about openly dismantling a key check and balance.
They (fed resreve ppl) used to once upon a time be counter-pressure against what politicians pushed for (i.e gimme more monehh to spend!!!!)...now they are all in cahoots brazenly with one political party (or uni-party faction).
So here we are....its happened and I dont think I am even halfway thru my lifetime.
This is truly tower of babel stuff now.
Yellen lends support for effort to remove the debt ceiling altogether
Treasury Secretary Janet Yellen said Thursday she would just as soon see the power over debt limits taken away from Congress.www.cnbc.com
The media and their acolytes will literally keep clapping like seals at this now in complete partisan fashion....I remember a time when they didn't do so easily.
They have turned into reprobates and degenerates to the tune of 95%....and are now moving to silencing any dissent in alternative media.
Literally every day I feel gaslighted...and kind of helpless and resigned as I once believed + invested + trusted in the system rewarding a meritocracy, honour and rationality.
But this is the same media that treats with the kiddiest of kid gloves the utterly incompetent president they carried all this water for, and have to double down on now.
If a president says "I do not recall that advice" regarding advice from the generals (on AFG exit)....and the media doesnt kick up any stink about it (to the degree they would if the president is from another faction that isnt in favour of undermining the US core principle)....its clear whats going on.
This is a system in serious decline.
You see, these scumbags hate the American people (their own people!).
You will find that a common theme worldwide when govt gets too big (and memories and legacies still remember the prior eras)....it openly and active despises the people that put them there.
This just happens when the easy route of putting head down and getting to work on simple factory stuff just isnt available as much....and the economy has to focus on post industrial innovation etc but staying true to what got it there in first place...
...which they US ilke west in general has a real problem now with...and a large part of it feels the solution is to keep throwing more (taxpayer) money at it and borrow as you need to past that.
After the "war on poverty" final bill of 22 trillion USD?...already failed spectacularly over its duration since LBJ time.
Let's keep bloating and making the govt bigger! Make more dependent captive vote mobs to unleash on each other, it wont affect us sipping champagne or openly bragging about muh 12 dollar-a-pint ice cream in muh 24,000 dollar fridge.
Too many floors, too many idiots posing as intellects.... not enough proximity to the ground.
I can go on at length about this stuff, but I wont bore you all at once. Maybe I will expand on some points later.
It is classic case of psychological failure driven by the sheer dissonance with the foundation....the earlier "you".
You hate yourself, you gonna find out just how much you are your own worst enemy....how soon depends on how much you want to keep doing it.
You mean both US-CN also have serious problems like too many idiots in US now and CN despite having many problem still can develop for quite some more time ??
But at least US is still much better than CN during energy crisis. US has lots of fuel, coal to solve that problem while CN doesn't have enough, plus stop buying Aussie's coal due to Covid accusation from Aussie only making energy crisis in CN get much worse.
Its true that still can develop for quite some more time, but the way CN is going now still only lead them to the collapse or become another N.Korea when they have almost No chance to defeat US in trade war/cold war that will not end until US or CN collapse. Factories keep fleeing to VN due to trade war and high labor cost in CN, factories who still stay in CN mainly bcs CN is their main market (Iphone, Tesla EV, BMW etc).
Abt 55 to 60% of CN companies/factories are just Zombie companies/factories like Evergrande, they make No profit, they just still survive bcs CN govt don't want the unemployment rate suddenly go up too high, leading to social unrest like in Libya and Argentina.
From the perspective of a guy living in a communist country like me, the US's core problem is that she is capitalist nation and having " uncontrolled democracy". We all know capitalist bosses are very greedy, they only care about how to make easy money, thats why they have moved almost all the factories from EU-US to CN (and mostly to VN now) to reduce labor cost and environmental issues.Totally agree. This is the rough economic contour of it I see as well.
I said earlier US definitely holds the forseeable advantage (because of inability of PRC to "Breakout" in actual dynamic way given its setup)....but US also has lot of problems its creating for itself (that is actually helping China.....just like China weaknesses help US).
China big problem is they are forcing one system (foreign + proven) into another (its local stuff like being addicted to real estate and construction side of things .....rather than suitable reforms that involve less CCP oversight/control... because of fear of that).
It was easier in stage 1, but in stage 2 and stage 3 it gets harder to do and balance. Hence why you see zombie companies, evergrande and massive increases in inner security budget (and clampdown on a bunch of economic sectors that CCP got distrustful of suddenly).
For stage 5 and stage 6 problems, thats what we see in US taking shape now....again because its elite does not seem to understand the difference between mindsets of what the local system has been so long...and what a sudden more foreign minded "big fat govt" push (exacerbated by foreign military deployment stupidity as your country saw firsthand from them) has done to it and is doing to it.
Anyway countries like ours, Vietnam, India, Indonesia, Bangladesh etc (that are practical and on the path to lot of growth this decade).. and rest of similar developing world should learn as much from both in what they did right and wrong and set and plan things accordingly.
We (developing world, esp in Asia) should also cooperate due to security threat of China increasingly....while we grow. Let them make their own mistakes and learn from it on their time and expense.
We have lot of common sense things we need to keep doing to grow stronger and wealthier....while avoiding mistakes that West and China have created for themselves.
No, US is no longer an economic superpower. Despite Trump, Biden spend alot to take chip fabs back to US, but seem like it only make a little profit due to very high labor cost plus very hard to find good techniciansThere is no doubt that US is a military superpower, but is it still an economic superpower? I highly doubt about it. and economic strength will always eventually decides ones military strength.
No, US is no longer an economic superpower. Despite Trump, Biden spend alot to take chip fabs back to US, but seem like it only make a little profit due to very high labor cost plus very hard to find good technicians
US is almost kicked out of the production chain, the producers only need US's market now
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Google trans:
While TSMC founder Chang raved about "cheap land and electricity" in the US in a recent speech, he also complained: "We had to work very hard to find technicians. and capable workers".
Mark Liu also noted that costs in the US turned out to be "much higher" than TSMC expected.
All of which point to a localization craze being driven by politics, rather than by science or business. After all, opening fabs in the US affects only a small part of the production process. Today, semiconductors are typically designed in the US, manufactured in Taiwan or South Korea, tested and assembled in Southeast Asia (Malaysia,VN), and then built into products in China. Everything has become extremely specialized. TSMC dominates chip foundry services, and only the Dutch company ASML manufactures the advanced lithography machines on which all its fabs are based.
Những câu chuyện ít biết về TSMC - trung tâm của cuộc chạy đua công nghệ bán dẫn toàn cầu
Công ty trị giá 550 tỷ USD này hiện kiểm soát hơn một nửa thị trường toàn cầu đối với chip sản xuất theo đơn đặt hàng và thậm chí hơn 90% thị phần đối với các bộ vi xử lý tiên tiến nhất.genk.vn