Why the USA, Not China, Will Rule the 21st Century by Thaddeus McCarthy
Being from New Zealand, I have not stopped hearing about the rise and rise of China. All of our public and private leaders just seem to go on and on about how we need focusing all our exports on China, "the rise of the Asian middle class", is a phrase I have heard often. And just to make clear what is probably already evident, I am sick of it. The main thing I have against it is that I don't believe in the (continued) rise and rise of China. In this blog I will discuss why I have always held this belief, and why I have always believed that American dominance will continue for the indefinite future. To begin with though, I will state why I have never believed that China will be as great as everyone (appears) to be saying it will be. To start with is the fact that they have basically been coming from a low base, and it is no wonder that they are levelling out at about a 7 percent GDP growth rate, after years of 10 percent-plus growth. Another contributing factor is...
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