Quote from: Smartprofit on January 05, 2021, 12:11:23 PM

Quote from: jaysabi on December 27, 2020, 07:13:39 PM

Quote

The Chinese economy is expected to surpass that of the U.S. in 2028 - five years earlier than previously forecast - following fallout from the coronavirus pandemic, according to an analysis released Saturday.

Source: https://www.msn.com/en-us/news/world/china-expected-to-surpass-us-economy-in-2028-analysis/

As stated, this is 5 years earlier than last projected, due to the effects of the pandemic. The US is not going to like being in the number two spot, and even less when India’s economy then surpasses the US after that. The biggest benefit to this massive Asian economies is the sheer number of people. The United States’ best hope of competing is to increase the number of Americans and, and quickly.

The US should be drastically overhauling the skilled worker visa program to greatly increase the number of tech workers brought into the country so that the next tech mega companies are created here, and not in Asia. This is should be viewed as an area of national security. Larger militaries inevitably follow larger economies, and the US can not afford to squander the advantages while they still have them.

In my opinion, China's competitive advantage over the United States lies not only in its large population.

China is a mono-ethnic country. The official religion is Buddhism. There are few Muslims in China end they are tightly controlled by the central government. This means that China is not threatened by inter-ethnic and inter-confessional conflicts.

In the United States in the future, interethnic and interfaith conflicts are possible, since the US population is very heterogeneous.

China is led by the Chinese Communist Party. There is only one political party in China.

This allows for important decisions and systematic development of the economy in a predetermined direction.

China is very much threatened by inter-ethnic and interfaith conflicts. That's why they've rounded up their Muslim inhabitants by the millions and put them in concentration camps and torture them under "re-education" programs. China is so centrally managed because the leadership is deathly afraid of anyone who doesn't swear absolute loyalty to the party.