AMERICA IS UNDERESTIMATING THE ECONOMIC CHALLENGE THAT CHINA REPRESENTS

The Peace Pirate

America’s Allies Must Increasingly Rethink Their Foreign Relations In Light Of China’s Ascendancy.

The economy of the People’s Republic of China has been growing much faster than that of the United States for decades. So too has China’s average real wage. China is now the world’s second superpower, catching up to the United States economically if not (yet) militarily. Its political influence grew alongside its GDP. Where once the chief scapegoat for America was the USSR/Russia, China has replaced the latter in that position. The global tourist industry courts Chinese big spenders.

China’s technical advances continue to amaze and impress most of the world.

The basic story here replicates in large part the story of the United States and the British Empire. The United States was once a mere colony, humiliated as well as economically abused by its colonizer. China suffered similarly at the hands of its colonizing abusers, although…

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