By Starrys Obazei | January 31, 2023
starrys@ddnewsonline.com
China, according to Quora, will overtake the USA for the #1 spot, probably within the next decade or two. The reasons for this are many:
- China is an unstoppable economic juggernaut. It is already the world’s largest economy by GDP PPP, and it is expected to surpass the USA in terms of nominal GDP by the end of this decade.
- USA faces numerous and daunting domestic problems such as deep and chronic political division, crushing national debt, crumbling infrastructure, unaffordable health care, unaffordable housing, mass incarceration, rampant gun violence, systemic racism, and extreme economic inequality, among others.
- USA is failing in foreign policy. Just look at the recent Afghanistan fiasco. Look at Iraq and Syria.
- China doesn’t waste money on the military; it uses its money for economic development. The USA spends nearly a trillion dollars on the military, more than the next 11 countries combined!
- China doesn’t waste energy fighting wars; it hasn’t fought a single war since 1979! The USA has fought wars in Afghanistan, Bosnia, El Salvador, Grenada, Iran, Iraq, Kuwait, Lebanon, Libya, Nicaragua, Pakistan, Panama, Somalia, Sudan, Syria, and Yemen, among others.
- Countries are starting to move away from the US Dollar, turning to the Euro, Bitcoin, and even the Yuan.
- China’s Belt and Road Initiative is gaining massive influence around the globe. In Latin America and Africa and the Middle East and Central Asia and SE Asia.
- China engages ASEAN countries in trade through RCEP, the world’s largest free trade bloc.
- China is pursuing diplomacy throughout the Middle East rather than bombing the shit out of the region. Recently, it signed a 25-year cooperation deal with Iran. And China is negotiating with the Taliban for the future of Afghanistan instead of invading and occupying the country for 20 years.
- China has four-fold of the US population: 1.4 billion people. They are moving towards full development.
USA’s heydays are over.