Maybe the demise of a superpower is inevitable. When Great Britain lost its #1 status after WW2, it probably did not mind, since its former colony, the United States assumed the position. I don't know how you feel, but I feel like an old man whose country is headed to number 2 or lower rank, all within my lifetime. I wake up depressed every day. These are the facts according to a MarketWatch blog:
http://finance.yahoo.com/banking-bud...d=bb-budgeting
China: $123 trillion economy by 2040, three times bigger than America
All this became obvious while reading the Foreign Policy Journal. Earlier this year Nobel economist Robert W. Fogel of the University of Chicago published a feature article in Foreign Policy titled: "$123,000,000,000,000: Why China's Economy Will Grow to $123 Trillion by 2040."
...
Read this and weep, or get mad as hell: By 2040, in just one generation, 30 years, here's how Fogel sees the rapidly emerging new world order, with China as the world's sole superpower economy and America a distant second, a has-been on the global stage ...
Ignore the Goldman Sach references in the blog, as this is a red herring. I have seen the enemy, and it is us.
To add insult to injury (one of my favorite cliches), we, the US, are also losing influence in our own hemisphere.
http://www.businessinsider.com/15-si...isphere-2010-5
Dear lord, Brazil will be eating our lunch, not figuratively (since they grow their own food), but literally. How does this make you feel? Did we deserve this fate? Don't cry for me, Brazil, Argentina, Mexico, etc.
