I’m no economist, so I really don’t understand how this is anything but inevitable. If China has over four times as many people as the U.S. and they trend toward a kind of capitalism, wouldn’t it be expected that their GDP would surpass ours at some time?
Obviously with the US trending away from capitalism, we are expediting the day that their GDP overtakes ours, but it would still seem inevitable.
A command economy overtaking the American free market economy? Never! Of course, if Obama wins another term in office and democraps have their way, it’ll just be one command economy overtaking another command economy, and that’s entirely possible.
This could be a wet dream for Liberals.
nonsense. There isn’t enough raw material on earth for china to have a sustainable middle class. just wait until they start to have aspirations of self determination.
‘How you gonna keep ‘em down on the farm
after they’ve seen Paree (Paris)’
Lets see what didn’t happen:
Japan 80s
Germany 90s
Now China
Bring it
We sent them everything they have.
They can do it a lot faster than that if the American people don't kick this bunch of politicians out of Washington!
DumBO can do it by election day.
Didn’t the Soviet Union overtake us for awhile about 40 years ago?
I can remember a time, not long ago, that Spain had a larger economy than China.
I look forward to the day when China's economic clout is no longer foreign in the paradigm of today (or rather the last two centuries). And here is what I mean. China generated a buzz in the media about surpassing Japan to become the 2nd largest economy in the world for fiscal year 2010. But the real buzz between Japan and China occured over 100 years ago, when a tiny country called Japan surpass a traditional world power, China, to become the largest East Asian economy. China's economic rise today, is really her return to the old paradigm.
In case you’re interested in this thread.