If we analyse the situation rationally, there are two reasons for this-
1) China has something like 4.5 times America's population, so the fact that their economy is en route to exceed ours is hardly surprising. If you think that's a bad thing, you are essentially saying that 1.4 billion people should be living in poverty. What reason is there for believing that the U.S economy should always be the largest on earth?
2) What do you think the government should be doing to prevent the Chinese economy from growing? A boycott is hardly possible and a trade war would hurt us as badly as them. Investment restrictions would again just hurt us and benefit Europe and Japan.
The fact is that the American and Chinese economies are tightly linked. We should be thinking about how to benefit from China's rise (for example, selling them some scrubbers for their coal plants) instead of pointlessly trying to keep them down.
1) China has something like 4.5 times America's population, so the fact that their economy is en route to exceed ours is hardly surprising. If you think that's a bad thing, you are essentially saying that 1.4 billion people should be living in poverty. What reason is there for believing that the U.S economy should always be the largest on earth?
2) What do you think the government should be doing to prevent the Chinese economy from growing? A boycott is hardly possible and a trade war would hurt us as badly as them. Investment restrictions would again just hurt us and benefit Europe and Japan.
The fact is that the American and Chinese economies are tightly linked. We should be thinking about how to benefit from China's rise (for example, selling them some scrubbers for their coal plants) instead of pointlessly trying to keep them down.
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