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FM
Former Member

Bring it down to basics and then discuss things that really matter to the average citizen. As much as quality of life in the US has decreased over the last twenty years for the average US citizen, today, it is still greater than the quality of life of the average Chinese citizen; easier access to food, health care, education, recreation and social programs. I do not see China surpassing the US anytime soon in that sense.

 

China may, indeed, one day surpass the US but that is not guaranteed. In terms of total wealth of a country, I do not see China surpassing the US anytime soon, that would mean displacing the USD as the world’s reserve currency and I do not believe that any other country or collection of countries can do that, especially, with the technology and brilliant minds that exist the US has.

 

It is no accident that some of the best technology from the industrial revolution to the technology age comes from the US, some of the greatest musicians are from the US, arguably the greatest music – Jazz- originated from the US, some of the greatest in the medical field are from the US. Pick almost any area and some of the greatest in the world are from the US. As much as people may think that the US population is dumbing down, the US still has some of the smartest people in the world; its culture inherently cultivates this and no other country does this on as large a scale as the US.

 

A country’s wealth and power is generated by knowledge and most importantly creative minds and no one comes close to the US. This is why the US is at least 20 years ahead of any other country in technology and I do not see other countries, including China, catching up anytime soon.

 

Love em or hate em, the US still has a long run left in it.

China does not have some traits of a Developed country:

  • A Capital market infrastructure to nurture free flow of capital, encourage entrepreneurship and incubate companies. See how Alibaba looks to Wall St for its IPO. China's venture capital market is pitiful
  • A higher education infrastructure and academia/industry partnership. When last have you seen a Chinese university ranked in the top 100?
  • A judicial system to protect private property - law of the torts anyone?
  • A democratic environment to protect private property and intellectual property

I don't even know how we can begin to have such a conversation about China surpassing the US in anything (other than population and pollution). The US is a $17 trillion economy and China is a $3 trillion one.

Kari

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