[exitspeed]

Originally Posted by ronmcdon

Well according to the article, my impression is that China will surpass the US economy by 2016, and replace the US as the worlds economic hegemony, or something like that.

While it's not a promising (but not entirely unsurprising) sign, I don't see anything inherently devastating about that. Article also says that the US surpassed England's economic dominance in 1890, and has remained so since. Just like it wasn't the end of the world for England in 1890, likewise it won't be the end of the world for the US in 2016.

I think the economy is a concern. I would just be more interested in improving things here than comparing ourselves (USA) to other countries.
The article has a lot of theoretical points, but I'm not convinced it presents any practical concerns. Most Americans probably just want the economy to improve, unemployment to reduce, maybe prevent the dollar's value from dropping (which I feel politicians and the fed have failed to address). Whether our GDP stats are up to par with China lacks practical value imo.

Originally Posted by lawrenceyang

hmm just out of curiosity i looked up highest gpa per capita and the US decimates china. you have to take in account all the people in china that live a rural life which skews the statistic considerably downward but i suppose the US isnt so bad. and like a couple people said before me all the forecasts suggest is that we just wont be top dog anymore, not that were heading towards economic oblivion. now THAT being said the current economy is pretty shitastic here -_____- terribly difficult to find employment even with a degree

p.s. the real golden age of china Tang Dynasty, the Golden Age of China - Ancient China for Kids

Originally Posted by sw20>>s14

id hate to say it, but i think whats contributing to this downward spiral is everyones negative outlook...people really dont understand that this despondent attitude is highly contagious and nothing more than a disservice to progress...things could be A LOT worse...just step back and imagine how much and what we actually rebounded from in the last few years...

so were not the head hancho anymore, big deal...being number one isnt the most important, being number one at what your good at IS! let other burgeoning nations flourish, itll benefit us too you know...

either way, its no surprise at all...if china doesnt top the list soon (which is HIGHLY unlikely), brazil, russia, or india will...this is not the age of china, its the age of BRIC...get ready...

I agree with all of this.

I am concerned about our economy, but I don't expect our country to turn into the backdrop of the next Fallout game.

I am an optimist though.