To: nathanbedford
Yawn. Shading around the edges by single percentage points. We know the scale. They will grow faster than us over the next 20 from a much lower base, and still be poorer in 20 years than we are now, not just per capital but gross output. In the meantime, we will double again, from a higher base. By no stretch of the imagination will a country living on $150 per person per month compete with us in capital spending or the things it accomplishes. None of which is any reason not to pay attention when the buy dangerous weapons from the Russians or rattle sabers over Taiwan etc. But peddling the idea that they are going to be richer than us, or even in the same league for generations, is a lost cause.
45 posted on
03/29/2005 6:49:38 PM PST by
JasonC
To: JasonC
Straws in the wind which suggest that the US is not without its problems. The decline in the dollar suggests that much of the world agrees. This article is not without its chicken Little aspects, but it application to straight line projections cannot be ignored.
http://www.freerepublic.com/focus/f-news/1373506/posts
46 posted on
03/29/2005 10:02:29 PM PST by
nathanbedford
(The UN was bribed and Good Men Died)
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