Quote (Black XistenZ @ Jun 1 2018 10:18pm)
late 80s japan was a behemoth. and look how that turned out.
not directly comparable to china though, of course not. japan with a population of sub-130m always had a rather low ceiling. china, on the other hand... the sky is the limit for them. but the example of japans economic decline on the world stage shows that whoever is looking unstoppable one moment can be on the decline just a few years later if there are severe enough structural problems. and china certainly has those as well, they have huge overcapacities, they have a huge debt, their banking sector is all sorts of messed up, their political leadership is oppressing competition and innovation.
the median outcome is certainly that china will overtake the U.S. as the largest economy and political force on the planet during the next decades, but that the gap remains somewhat close. but neither a decade of stagnation after the burst of a financial sector bubble nor china taking over the entire world by 2050 would really surprise me.
I agree. This is why I'm so down on China and their fuckery in the South China Sea. 5 trillion in trade per year passes through the SCS.
I don't believe it will be at all good for the rest of the world if China becomes the leader in the global economy.
That vid is out of date by 3 years as well.
I'm not saying that the US or even the EU has the best answers concerning the global economy. BUT, we need to keep control of it, or things will get nasty.
I mean, forget that they are communist, and forget their philosophies, have you ever seen a Chinese keyboard?
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