Re:China is laying the groundwork for a post-American world ...
by LyndsySimon on Monday July 30, 2018 @02:25PM
(#17646729)
As technology increases connections between actors in the global economy, speed of change seems to be increasing as well.
While I agree that the change won’t be a “grand event”, I don’t think it’ll take anywhere near half a century to happen. I expect it’ll happen over a decade or less and will largely be invisible to US consumers until the larger effects of our weakened currency become apparent.
I expect the rise of China as the dominant economy will be rapid and will take most people by surprise - barring, of course, a major downturn in either major economy.
While I agree that the change won’t be a “grand event”, I don’t think it’ll take anywhere near half a century to happen. I expect it’ll happen over a decade or less and will largely be invisible to US consumers until the larger effects of our weakened currency become apparent.
I expect the rise of China as the dominant economy will be rapid and will take most people by surprise - barring, of course, a major downturn in either major economy.