The objective of the OBOR is to diversify trade away from the USA and the Trump tariffs is just advancing that. China's GDP adjusted for PPP has passed out the USA 2 years ago which only leaves the USA with military & currency superiority. The USD is fading rapidly as the reserve currency
and it is only a matter of a decade or so until China leapfrogs the USA in military might.
Graham Allison's book, "The Thusydides Trap" outlines this comprehensively and asks the question: 'Is the USA & China destined to war'?
US style Western Capitalism is under the pump at present with the GFC and another one pending. The growth the wealth gap between the ultra rich and poor in the USA has done the American Dream like a dinner and once Trump Populism is called as a fraud, it will be interesting to see if it is
replaced by Bernie Sanderson style socialism or a further development of Corporate America Autocracy which Trump is shirting around.
- Forums
- Economics
- China GDP
The objective of the OBOR is to diversify trade away from the...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)