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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oh come on, you're going to singlehandedly blacklists all those research papers ?? fine then.If you mean if I have read papers driven by American, Indian or their proxies telling us USA will remain at the top
yes,. And have you done any research that tells us USA will last at the top until time runs out?
Ps. I am 58 years old amd I still remember like yesterday my history teacher telling us about famine afflicted China and death of Mao in 1976. I have a vivid memory of the slide he used showing Beijing with bikes everywhere and not a car in sight. Last year my son spent three months in China as part of a university exchange programme in Shanghai. He got to see China and it's potential. He also has been to USA as well.
People are too obsessed with the idea of young population. While it is true that a bulge at the bottom can provide vibrancy but it's increasingly not as relevant. We live in interesting times and are at the cusp of another era - post information age where robotics/AI will be the buzzword. Here scientific, managerial talent will be pivotal. A man in his 50s or 60s could be vastly more productive then a 20 year old. With increasing robotics and AI the lower jobs will be replaced thus making skilled or unskilled works redundant.China has a massive base population
And flying on agenda articulated papers is delusional.ignorance is a bliss.
You can count on these theories as what the west has always believed for decades, and we'll see what will happen by the end of this decade.as @Nilgiri had previously posted this, you should read it, there's the answer
China Is a Declining Power—and That’s the Problem
The United States needs to prepare for a major war, not because its rival is rising but because of the opposite.foreignpolicy.com
People are too obsessed with the idea of young population.
With increasing robotics and AI the lower jobs will be replaced thus making skilled or unskilled works redundant.
And even with a greying population China will stil have 100s of millions people in the younger age group on the population pyramid.
By that time US could have been broken into many independent states due to the demographic changes and racial strife.by the next century, which is 80 years from now, China's population is expected to be slashed by half (700mil) and most of them are old, and it will significantly burden the state. Old people are BURDEN to the state.
oh come on, you're going to singlehandedly blacklists all those research papers ?? fine then.
ignorance is a bliss.
yes,
How Culture Gives the US an Innovation Edge Over China
Societies shaped by individualism may have an edge when it comes to growth through innovation.sloanreview.mit.edu
that means you're born in 1963, where China has people's like MAO ruining the economy.
China rises up from the abyss by adopting free market capitalism, friendly relations with the west and other supporting factors such as young demography. those are the fuel to China's rise
now all of those factors are reversed, guess what will happen when this car (China) are running out on fuel. ??
as @Nilgiri had previously posted this, you should read it, there's the answer
China Is a Declining Power—and That’s the Problem
The United States needs to prepare for a major war, not because its rival is rising but because of the opposite.foreignpolicy.com
wrong, the US is time and time again tested with these so called racial strife and appears to get along with it.By that time US could have been broken into many independent states due to the demographic changes and racial strife.
The fact is China gets more innovative every passing year, Chinese market is fast surpassing all western market, Chinese global share in global trade, economy and industries gets bigger each year.In fact close to impossible given China is not innovating + integrating with markets fast enough....relative to population size anymore.
China has bulked up fairly well......using its demographic dividend years.
That will now be a big challenge going forward (continuing that model).
In fact close to impossible given China is not innovating + integrating with markets fast enough....relative to population size anymore.
US + Europe + Japan (and those looking to increasingly join them in geopolitical and economic alliances going forward) are much more "insiders club" on these things.
A basic return (monetary wise) on IP transaction total transfer value (export and import) per patent grant (or science paper or what have you) tells you all about the quality in innovation and RnD. The importance of networking and integration of the economy here to its peers (that needs deeper political trust and reliability in the end).
It shows just how reliant China is on labour size (which will now recede going forward and also be undercut at same time).
The problem is many people don't look up these numbers and simply take Chinese "output" at face value....because their rise needs to fit into a pattern or bias they have.
Anyone can make wild claims, even there is chance that China's population will be halved in 80 years, US can break up in the same span of time, both are wild claims very few of us can live that long to see.wrong, the US is time and time again tested with these so called racial strife and appears to get along with it.
remember how the US came from a white supremacist state into one of the most open country on earth ?? or how the 60s baby boomers phenomenon challenged the cultural norms at those time ??
Or how the Chinese are betting the capitol riot would start a white revolution ??
what has happened since then ???
actually it remains to be seen if China could take the same beatings and not being crippled because China unlike the US, hides its problem.
The world market has changed, now China is the world biggest market and China is the world biggest investor, you know what has changed, everything has changed.Basically China's fuel to its rise is
1. State sponsored capitalism since Deng came into power
2. Cooperative demographics
3. Excellent relationship with the west
now I ask you, from this 3 points, which one is not reversed under the tutelage of Xi Jinping ??
The fact is China gets more innovative every passing year, Chinese market is fast surpassing all western market, Chinese global share in global trade, economy and industries gets bigger each year.
These two tiny countries have no comparison with China, they don't have lands, population, natural resources and robust domestic market.Imperial Germany and Japan are textbook examples.
Germany’s rivalry with Britain in the late 19th and early 20th centuries is often considered an analogue to U.S.-China competition: In both cases, an autocratic challenger threatened a liberal hegemon. But the more sobering parallel is this: War came when a cornered Germany grasped it would not zip past its rivals without a fight.
For decades after unification in 1871, Germany soared. Its factories spewed out iron and steel, erasing Britain’s economic lead. Berlin built Europe’s finest army and battleships that threatened British supremacy at sea. By the early 1900s, Germany was a European heavyweight seeking an enormous sphere of influence—a Mitteleuropa, or Middle Europe—on the continent. It was also pursuing, under then-Kaiser Wilhelm II, a “world policy” aimed at securing colonies and global power.
But during the prelude to war, the kaiser and his aides didn’t feel confident. Germany’s brash behavior caused its encirclement by hostile powers. London, Paris, and St. Petersburg, Russia, formed a “Triple Entente” to block German expansion. By 1914, time was running short. Germany was losing ground economically to a fast-growing Russia; London and France were pursuing economic containment by blocking its access to oil and iron ore. Berlin’s key ally, Austria-Hungary, was being torn apart by ethnic tensions. At home, Germany’s autocratic political system was in trouble.
China Is a Declining Power—and That’s the Problem
The United States needs to prepare for a major war, not because its rival is rising but because of the opposite.foreignpolicy.com
China today is what Japan and Germany is in the prelude before WW1 and WW2.
Basically a rising country, with little fuel left to sustain its ascendancy.
These two tiny countries have no comparison with China, they don't have lands, population, natural resources and robust domestic market.
Till last year China was still the fastest growing economy in the world, industries, imports and exports all grew like crazy, at least much better than US which grew negatively, you can keep insist that China is declining, the west had been saying the same for 4 decades with more reasons than you listed, they wrote books about it, but let's wait and see what will happen when the time comes.duhhhh, as I said a big population is a double edged sword.
Since the late 2000s, however, the drivers of China’s rise have either stalled or turned around entirely. For example, China is running out of resources: Water has become scarce, and the country is importing more energy and food than any other nation, having ravaged its own natural resources. Economic growth is therefore becoming costlier: According to data from DBS Bank, it takes three times as many inputs to produce a unit of growth today as it did in the early 2000s.
China Is a Declining Power—and That’s the Problem
The United States needs to prepare for a major war, not because its rival is rising but because of the opposite.foreignpolicy.com
The world market has changed, now China is the world biggest market
robust domestic market.
Till last year China was still the fastest growing economy in the world, industries, imports and exports all grew like crazy, at least much better than US which grew negatively, you can keep insist that China is declining, the west had been saying the same for 4 decades with more reasons than you listed, they wrote books about it, but let's wait and see what will happen when the time comes.