China Will Never Be a Super Power
I have decided to comment here on an article I read on The Foundry a blog by the Heritage Foundation. The title is “Why China is Not an Economic Threat to the United States”, and you can go here to read it in it’s entirety.
Click on this section: enterprise-and-free-markets
This is the last paragraph of the article where the author states why China is not now, nor will never become the World’s Economic Super Power and why.
“Finally, China is not going to surpass the United States as the world economic leader any time soon. We control about a fourth of the wealth in the world – more than China, India, Japan and the rest of Asia combined. Other indicators are just as definitive. The average American earns close to fifteen times more than the average person in China.
If the United States keeps tax rates low, shows spending discipline, and brings the deficit down to promote solid economic growth, there is strong reason to believe that China will never surpass the United States as the world’s largest economy.”
Here is my response to the article:
1. The problem with the premise that “China is not, nor will not be a Super Economic Power is based on the “IF” facts in the last paragraph. Bottom line, China is a Super Economic Power already. China is the bank for the USA.
The article says, China won’t become a Super Economic Power “IF” the USA:
1) Keeps tax rates low: Obama wants to raise them
2) Shows spending discipline: Right! We’re spending $1.6 Trillion and counting.
3) If the US brings down the deficit and promotes solid Economic growth: You mean like our Stimulus Jobs, where the US government promotes temporary Short term jobs, “Cash for Clunkers” or how about the Census jobs that they Say will put a million temporary workers to work, until July of this year. Wow! Whats funny about this one is that I have not seen one AD asking for volunteers to take the Census, could it be because ACORN is already lined up to do it??????
Then it says, there is a strong possibility that China will not pass the USA as the World’s largest Economy. That’s a whole hell of a lot of “IFs”.
Please let’s stop writing articles based on wishful thinking, it’s a disservice to the American people.