Macro Perspective: Is This America's Great Decline?
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Macro Perspective: Is This America's Great Decline?
1–10 of 39 posts
Re: Macro Perspective: Is This America's Great Decline?
#2Yes, just like England lost the power to America, and Spain lost the power to England, so will US lose the power to China. Precisely because of the reasons author listed.
Re: Macro Perspective: Is This America's Great Decline?
#3Yes, just like England lost the power to America, and Spain lost the power to England, so will US lose the power to China. Precisely because of the reasons author listed.
I don't think that's a given. China is big, but that doesnt necessarily equate to power. Besides that, who says America's decline has to come right now? It's easy to be all doom and gloom in economic times like these, but the grass isn't greener on the other side. Other countries are in this as deep if not deeper than we are.
Re: Macro Perspective: Is This America's Great Decline?
#4I'm living in an era where the US dominance is at its highest. May be I'm alone.
Let's look around. My computer, my phone, websites and services I use, the cars (we used to buy French ones, now as Ford and other alternatives are available, we and the whole Tunisian population are somehow diversifying)....
Everything you can think of, from food to Energy or wars, if you make a deeper look and analysis, you'll notice a dependency to Europe, but more increasingly to the USA in that last decade.
China? They produce huge amounts of goods. Think of the $99 Android Tablet quality. They are quite popular, yes, but I don't think they match the Americans in term of profitability.
I really wonder how is this America big decline? They have better education, stronger army, more resources and lot of smart people.
Re: Macro Perspective: Is This America's Great Decline?
#5It's refreshing to see some left-wing economic nonsense on HN instead of the right-wing economic nonsense that usually makes the front page (where's the hyper-inflation you promised me? oh, you meant next year. of course. of course.)
Anyway, arguments aside (I'm not convinced he truly understands comparative advantage), isn't the relative decline of America something we want? I can't be the only one who wants to live in a world where wealth is distributed more equally among nations.
55 million people in China make less than $125 a year (the official "low income" line). How about we let them get to $125 a month before we start worrying about the rise of China and the decline of America?
I'm assuming he means relative decline and not absolute decline. To posit absolute decline would be just bonkers.
Re: Macro Perspective: Is This America's Great Decline?
#6The funny thing is China isn't an imperialist country. They're primarily concerned with their internal affairs and with the rest of the world insofar as they need their raw materials and advanced technology. They're not very interested in leading and controlling the world like the west seems to be so obssessed with.
Re: Macro Perspective: Is This America's Great Decline?
#7Yes, just like England lost the power to America, and Spain lost the power to England, so will US lose the power to China. Precisely because of the reasons author listed.
I don't think that's a given. China is big , but that doesnt necessarily equate to power. Besides that, who says America's decline has to come right now? It's easy to be all doom and gloom in economic times like these, but the grass isn't greener on the other side. Other countries are in this as deep if not deeper than we are.
An aging US population, massive growing debt, shrinking dollar and shrinking manufacturing says America's decline is now.
Re: Macro Perspective: Is This America's Great Decline?
#8I'm living in an era where the US dominance is at its highest. May be I'm alone. Let's look around. My computer, my phone, websites and services I use, the cars (we used to buy French ones, now as Ford and other alternatives are available, we and the whole Tunisian population are somehow diversifying).... Everything you can think of, from food to Energy or wars, if you make a deeper look and analysis, you'll notice a…
The American companies (which are mostly multinationals now) are rich (but also have a huge debt load). The typical Americans are poor and suffer from lack of jobs/credit and growing inflation (which is why Republicans were voted into office this month).
Re: Macro Perspective: Is This America's Great Decline?
#9It didn't take too long before it was time to stop reading this article. After two paragraphs of this kind of stuff its easy to fill in the blanks.
America will do fine in the future. It is easy to lose site of this when looking at things on the surface such as imports vs. exports in the US and emerging markets vs the stale US economy.
America has the best univerities in the world, and the largest amount of highly educated workforce and entrepreneurs. This IS earning power for the 21st century. With declining traditional labor forces, markets in the future will be based more around innovation and knowledge management. The US will be well positioned for this in the future even with all it's current troubles.
With the recent saving of our financial systems with the bailouts, the US government done the nation great service by ensuring the low cost of capital in the future. This is another reason America's future looks very bright.
We are also very well positioned geographically to optimize trade by sea and land to the US.
Re: Macro Perspective: Is This America's Great Decline?
#10It didn't take too long before it was time to stop reading this article. After two paragraphs of this kind of stuff its easy to fill in the blanks. America will do fine in the future. It is easy to lose site of this when looking at things on the surface such as imports vs. exports in the US and emerging markets vs the stale US economy. America has the best univerities in the world, and the largest amount of highly ed…
If the US economy tanks, everybody else tanks.