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Originally Posted by Raymeander In terms of positive experience for leading the world china gets my vote over the US. |
Just to remind you of your own words...
As for the debt, you can imagine a mortgage or any loan... The bank will only loan you up to a certain amount of what you are worth. In essence, the GDP reflects what the country is worth. Now many people are concerned(with good reasons) that this ratio has been steadily growing under the republicans(Clinton managed to balance the budget which combined with economic growth lowered the ratio). Of course, the conservatives claim that the increasing rate is minimal and can be covered by the growth of the economy. There may be some rough times ahead for the US with Medicare, Social Security and an aging population.
I certainly wouldn't argue that they are going in the right direction and I think Bush's economic policies(if he has any) are horrendous. I think that the US will face some hard times but they are so far ahead of any single country that they will remain the most influential country on earth for the rest of the century.
The EU as a bloc remains a powerful economic force but they are hardly a united entity so it's not easy for them to make decision or be influential without first agreeing on what to do...
China will at best match Japan and will remain a regional player for many many years to come... Maybe someday they might overcome the US... The only thing history teaches us is that there are always changes and little remains unchanged.
As for human rights, corruption etc... comparing China with the US is absolutely ridiculous. I agree that no nation has the moral right to dictate to others and that the US is very very very far from being the bastion of freedom and democracy that they claim but China??? Let's be serious...
Lastly the US failed miserably in Vietnam as they are in Iraq but to say they had their ass kicked??? Vietnam took at least 20 years to recover from that war. There were no winners there, millions died, the country was in rubble, the economy ruined. That's not an ass kicking, it's a tragedy.