Posted on 06/06/2020 7:10:57 PM PDT by SeekAndFind
Fearful Americans and overconfident Chinese both believe that China is an unstoppable economic juggernaut “rising” across the Pacific—and poised to displace the U.S. The Chinese government’s willingness to court international condemnation over its violent subjugation of Hong Kong and the Trump administration’s efforts to limit Chinese access to U.S. technology and research universities can both be understood as consequences of this shared belief.
Anything is possible. Yet the likelier outcome is that China’s relative economic power will soon hit its zenith before entering a sustained period of decline. American officials should be more sanguine about their global position, while their Chinese counterparts should be more circumspect and less presumptuous about the trajectory of world history.
Consider Khrushchev. “Whether you like it or not,” he famously told a delegation of western diplomats in November 1956, “history is on our side. We will bury you!” While analysts and historians have debated exactly what the Soviet leader meant, the official explanation was that he was expressing his confidence in the superiority of the Soviet system and the eventual collapse of the capitalist West.
At first, Khrushchev’s confidence seemed reasonable. Between the end of World War II and the mid-1970s, output per person in the Soviet Union rose from 30% of the U.S. level to 60%, with most of that growth occurring in the two decades after his speech. Unfortunately for the Soviets, that long boom had been a mirage. Rising energy prices and a debt binge had temporarily inflated Soviet purchasing power.
Once those tailwinds reversed over the course of the 1980s, the Soviet economy steadily lost ground compared with the U.S. before it eventually imploded. According to the latest estimates from the Maddison Project at the University of Groningen, average incomes in the former Soviet Union are now only 34% of U.S
(Excerpt) Read more at barrons.com ...
Red China was ALWAYS the real threat after the fall of the Soviet Union.
he was expressing his confidence in the superiority of the Soviet system and the eventual collapse of the capitalist West.
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He may not have been wrong.
Our brainwashed youth are burning our cities demanding communism.
These are the fruit of seeds laid by the KGB decades ago.
China faces an impossible demographic implosion.
The war is over.
They lost.
Did Xi edit this for them?
More Pablum / Happy Talk from Wall Street bankers (i.e. Biden Campaign Financiers) who are simply loaning us our own money back from China and charging us a service fee to justify their
existence.
No one, let me repeat, no one trusts Communist China.
And only an idiot (like this author) would ignore them as a clear and real threat for the next few decades.
A decline in the birth rate and an increase in life expectancy means there will soon be too few workers able to support an enormous and aging population.
To paraphrase a Japanese Commander, Xi might be thinking that he has awakened a sleeping giant and filled him with a terrible resolve. Everything has been exposed. It is all out in the sunshine
Chuna, Russia, and the subversive left in this country. The next phase will be interesting, to say the least
I disagree. China is a major threat and the longer that threat is ignored the worse it will become. Unless we start turning it around right now.
35+ years ago had a discussion with my ex BIL at his ROTC college graduation. I kept bringing up the Soviet Union as being the bad guys and his response was “China is the one that will be the biggest threat in the future.”
As far as their productive capacity, China is in a much better position. Factor in that America’s decades old welfare system has outgrown the taxpayers ability to pay for it, it is clear America is in big trouble.
I think the decline began about 2 years ago.
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The Chinese are a “something for nothing” culture. They choose motion over progress and think that it is effective production.
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They choose to acquire (steal) ideas rather than create them.
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Without the rewards of capitalism, they do not treasure ingenuity as we do.
China has surpassed the U.S. in many ways. America is rotting out morally and politically—look all around you. The government is full of traitors who are trying to take the country down, the country is controlled by rioters and far left Marxists who are trying to force everyone to submit to their agenda. The U.S. is on the verge of collapse.
The life expectancy problem can be solved by shortening it severely.
Bullcrap.
China is an existential threat to America.
They threaten us in EVERY WAY.
Every way. Militarily. Economically. They have bought off entire major parts of our economy. They pilfer our financial strength. We import EVERYTHING from there, and we are losing to them in virtually every single aspect.
Our system is entirely sold out to them.
It has just taken just 30 years, for China to inflict such damage.
Because everyone, in both political parties, is completely sold out.
Except for, maybe Trump.
:)
The CCP has a cure for that problem. It will be applied at the appropriate time. Perhaps a better Virus.
The war is over.
They lost.
><><
I’m afraid they’re going to inflict as much damage to us as they can. It ain’t over quite yet.
Besides, they know the next Democrat in the White House will be an ally to them.
It’s far from over.
RE: increase in life expectancy means there will soon be too few workers able to support an enormous and aging population.
OK, there’s an assumption here which I’m not sure is valid... if this becomes an irreversible problem, why would an atheistic, utilitarian government bother to support the aging population? Why not just let them die off?
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