How will America handle being number 2 in the world?

It is predicted that China will be the number 1 economy in the world within the next 15-20 years. how will America handle being number 2 in the world?

They will never surpass the US and the west as is what fuels their economy.

They will never surpass the US and the west as is what fuels their economy.

Pirate700

[QUOTE="Pirate700"]

They will never surpass the US and the west as is what fuels their economy.

CwlHeddwyn

Like this.

Good for them?

[QUOTE="Pirate700"]

They will never surpass the US and the west as is what fuels their economy.

CwlHeddwyn

America as we know it won't be here in 15-20 years, so we won't have to worry about it.

Like this.

cd_rom

America as we know it won't be here in 15-20 years, so we won't have to worry about it.

hartsickdiscipl

[QUOTE="CwlHeddwyn"][QUOTE="Pirate700"]

They will never surpass the US and the west as is what fuels their economy.

Pirate700

They depend on us.....LJS9502_basic

Stupid place to ask really, from what I've seen most of this place hasn't even a fools grasp on economics =p

Thread is sure to get a few replies though ;]

China is going to buckle under their own weight eventually. Their growth is artificial. Not to mention the massive real estate bubble they got brewing right now.

China's growth is the growth of a body-builder taking steriods, if you take my meaning.

Like this.

cd_rom

[QUOTE="Pirate700"]

[QUOTE="CwlHeddwyn"] well at their current rate of growth they will surpass the US unless of course they stop growing for some reason.comp_atkins

China's growth is the growth of a body-builder taking steriods, if you take my meaning.

KH-mixerX

[QUOTE="comp_atkins"][QUOTE="Pirate700"]Completely incorrect. Their economy isn't even in the same stratosphere as the US and, again, their economy is BASED off of ours. We feed their economy.

LJS9502_basic

They have a middle class of around 200 million people, who live in more modest conditions relative to their income compared to that of western nations, rather than running up credit debts. Their disposable income exceeds that of those in Europe and the U.S

[QUOTE="comp_atkins"][QUOTE="Pirate700"]Completely incorrect. Their economy isn't even in the same stratosphere as the US and, again, their economy is BASED off of ours. We feed their economy.LJS9502_basic

By nuking number one, duh.xaos

[QUOTE="LJS9502_basic"][QUOTE="comp_atkins"] as their economy grows they build their own middle class of people to start consuming more. as that occurs they'll be less dependent upon us consumption. mywalletsgone

They have a middle class of around 200 million people, who live in more modest conditions relative to their income compared to that of western nations, rather than running up credit debts. Their disposable income exceeds that of those in Europe and the U.S

Considering their overall population count, 200 million isn't that much. Besides, most of the country lives in poverty with the average worker making just about $6,000 a year. That's in American currency of course.

[QUOTE="mywalletsgone"]

[QUOTE="LJS9502_basic"]Except they aren't building a middle class....KH-mixerX

They have a middle class of around 200 million people, who live in more modest conditions relative to their income compared to that of western nations, rather than running up credit debts. Their disposable income exceeds that of those in Europe and the U.S

Considering their overall population count, 200 million isn't that much. Besides, most of the country lives in poverty with the average worker making just about $6,000 a year. That's in American currency of course.

It isn't that much in relation to their total population.

To say that they don't have an emerging middle class is silly though.

Well we will always be number one in teen pregnancy, handgun deaths, and murder! go America!

[QUOTE="KH-mixerX"]

[QUOTE="mywalletsgone"]

They have a middle class of around 200 million people, who live in more modest conditions relative to their income compared to that of western nations, rather than running up credit debts. Their disposable income exceeds that of those in Europe and the U.S

mywalletsgone

Considering their overall population count, 200 million isn't that much. Besides, most of the country lives in poverty with the average worker making just about $6,000 a year. That's in American currency of course.

It isn't that much in relation to their total population.

To say that they don't have an emerging middle class is silly though.

Wasn't there a thread about China building ghost cities like two weeks ago?

Stupid place to ask really, from what I've seen most of this place hasn't even a fools grasp on economics =p

Thread is sure to get a few replies though ;]

mywalletsgone

this thread is just another example of people showing the ignorance and the ego US is characterized for :)

[QUOTE="mywalletsgone"]

[QUOTE="KH-mixerX"]

Considering their overall population count, 200 million isn't that much. Besides, most of the country lives in poverty with the average worker making just about $6,000 a year. That's in American currency of course.

LJS9502_basic

It isn't that much in relation to their total population.

To say that they don't have an emerging middle class is silly though.

They've been building a middle class since the 90's. Before that, the term "middle class" didn't even exist, and the gulf between rich and poor was even more evident. Now though, they do have one, and going by current trends and demographics, it's estimated to reach 400 million in around 20 years.

This isn't to say they'll topple the U.S any time soon, seeing as median household income in the U.S still surpasses most of those in China. Economic forecasts mean nothing until they're proven right. The U.S' external debt will surely be a factor however.

[QUOTE="Pirate700"]

They will never surpass the US and the west as is what fuels their economy.

CwlHeddwyn

Wasn't there a thread about China building ghost cities like two weeks ago?

__Chris__

Where did you get the .Gif in your sig?

People who say this know literally nothing about economic or political development.

Sure, at the current rate of growth they're going to surpass us, but if we deregulated industry we would be putting them in a far behind 2nd place. You have to understand that the role of the state is to LIMIT economic development because quite frankly the amount of social change that occurs from such economic growth creates instability.

China is already relatively unstable. It's ruled by a dying regime and there's literally no sort of human rights. Plus we literally feed their economy - and their people. China imports more food from the US than any other country.

People who say this know literally nothing about economic or political development.

Sure, at the current rate of growth they're going to surpass us, but if we deregulated industry we would be putting them in a far behind 2nd place. You have to understand that the role of the state is to LIMIT economic development because quite frankly the amount of social change that occurs from such economic growth creates instability.

China is already relatively unstable. It's ruled by a dying regime and there's literally no sort of human rights. Plus we literally feed their economy - and their people. China imports more food from the US than any other country.

Saturos3091

So you're saying the IMF knows nothing about economic and political development? :P

Sure the transition is going to be slow and China might have to deal with lots of problems in the process but as things point now, it is undoubtely that it will occur, It is no longer a matter of if but of when.

dont worry america, your still nr.1

dont worry america, your still nr.1

Half-Way

Well I think we should be proud of the amount of plastic surgeons in our country.

America hasn't been number one in awhile, we just didn't tell you because we thought you may take it rather bad :(Ace6301

This is true. Just look at the value of the Euro, the Sterling/Pound, and the the Yen against our dollar and how much ours has fallen compared to theirs over the last ten years. . . Ooops. Sorry. I wasn't supposed to tell you.

I can't wait for China to surpass the US as scapegoat for the world.

dont worry america, your still nr.1

Half-Way

And yet more people still want to go to the USA than "insert whatever other country"

[QUOTE="Half-Way"]

dont worry america, your still nr.1

Espada12

And yet more people still want to go to the USA than "insert whatever other country"

and im sure those people enjoy "insert whatever crime here" :P

[QUOTE="CwlHeddwyn"][QUOTE="Pirate700"]

They will never surpass the US and the west as is what fuels their economy.

Pirate700

[QUOTE="Half-Way"]

dont worry america, your still nr.1

Espada12

And yet more people still want to go to the USA than "insert whatever other country"

Have you even been to the United States? Just because some chart has 9 negative things on it, this makes the US some god awful country?

[QUOTE="Espada12"]

[QUOTE="Half-Way"]

dont worry america, your still nr.1

Half-Way

And yet more people still want to go to the USA than "insert whatever other country"

and im sure those people enjoy "insert whatever crime here" :P