What is the importance of the US losing its position as the number one economy in the world?

Discussion in 'Economics' started by zdreg, Sep 1, 2020.

  1. JSOP

    JSOP

    And what people don't know is the irony of Marxism. It's an economic theory (notice it's just a theory written in a book not really something that was ever implemented irl) that was developed by somebody who was solely supported by a capitalist. Without his capitalist friend's support, Marx would've had never been able to write his book that had given rise to so-called Marxism. He would've had starved to death first. This just tells you something about Marxism. :)
     
    #11     Sep 1, 2020
    themickey likes this.
  2. smallfil

    smallfil

    There is actually, a debate between the People's Liberation Army (PLA) generals vs top CCP officials on confronting the US. The PLA generals say the CCP is risking the military and economic destruction of China by confronting the US. What they should do is cooperate and ensure economic stability and prosperity of both China and the US. They realize that China depends on the US for exports. On the other hand Xi Ping and top CCP officials want to try and impose its will on everyone. That includes, invading Taiwan. The PLA generals believe the US will come to Taiwan's aid and cause severe damage to China's military. That includes, the very aggressive attempt to harass the US and other nations plying the South China Seas. The PLA generals feel that top CCP leadership is risking the economy and military of China by trying to confront US freedom of navigation by its carrier task groups. I guess, even the PLA generals who are filthy rich, do not want anything to affect the golden goose. I read this from an article. If the Chinese generals want to seize power, they probably, can. Chances are good the military will back them up.
     
    #12     Sep 1, 2020
  3. zdreg

    zdreg

    In China you work or starve. In the US you collect more on unemployment then if you work. That says a lot about the future of the US. economy.
     
    #13     Sep 1, 2020
  4. zdreg

    zdreg

    Ha! The public school teachers are not the archetype of people likely to instill the value of free markets in their students.
     
    #14     Sep 1, 2020
  5. koczeau0

    koczeau0

    The US will never lose its number 1 position. These are mere speculations.
     
    #15     Jun 16, 2021
  6. The US Dollar is the most powerful currency and I don't think the US will lose the number one position to any other country.
     
    #16     Jul 16, 2021
  7. cesfx

    cesfx

    Every empire is destined to fall soon or later.
    The sense of entitlement mixed with strong internal division will make it fall faster.
     
    #17     Jul 16, 2021