Naval Power, oil and debt were keys to world power but cyber, space and finance keys to future

After the defeat of France in the Revolutionary and Napoleonic Wars (1792–1815), Britain emerged as the principal naval and imperial power of the 19th century. Unchallenged at sea, British dominance was later described as Pax Britannica, a period of relative peace in Europe and the world (1815–1914) during which the British Empire became the global hegemon and adopted the role of global policeman.

The UK did not have the dominant total economic GDP during much of the 1815-1914 period.
The UK had a bit more GDP than the US in 1870.
The US had more than double the UK economy by 1913.
On a purchasing power parity basis China and India had much larger economies than either the UK or the US until about 1900.

After World War One, the United States was the world’s leading creditor, the world’s largest owner of gold, and controlled the international gold standard. The US had massive deflation with the great depression. Most countries after WW1 had to re-peg their currency to gold at a diminished rate. They permanently lost value.

By the end of 1916, American investors had loaned two billion dollars to the UK and France. The US had GDP of $50 billion in 1916. 4% of todays $20 trillion US economy would be $800 billion.

The US was also the dominant world supplier of oil. The US is now returning to being the top producer of oil.

After WW2 the US had domination in military and commercial aviation and all other economic and other factors.

China just passing the US in GDP on Purchasing power basis does not translate to any world power. China passing the US in a decade or so on an exchange rate basis will matter more but that still does not translate into world power. China’s economy was bigger from 1800-1900 and that still did not matter.

China’s global financial plans

China is expected to put $1.3 trillion into the Belt and Road initiative by 2027. This is bigger than the Marshall plan with an inflation-adjusted $110 billion.

However, US foreign direct investment abroad is about $6 trillion each year.

Chinese companies now hold close to 11% of all FDI assets globally, up from just 6% of the total in 2007. That’s second only to the United States, and approximately double the FDI stock of British, Japanese, or German companies.

China is providing countries in Asia and Africa with loans in exchange for building key infrastructure like ports, airports, factories, roads, rail and mines. The debt will help China to get more influence over those countries. However, the US already holds influence over most countries and over the richest developed countries in Europe and Asia.

China is building a rail, high-speed rail and pipeline system across Europe and Asia.

China has doubled its annual trade with Africa by 2015 to $222 billion. This is three times United States trade with Africa. China-Africa trade is expected to reach a trillion dollars by 2025.

China’s trade with Latin America reaching $244 billion in 2017. This is more than U.S. trade.

Cyber and Space power could become more important than naval power and air power

Naval and air power have been more important to protecting and controlling world trade and projecting power around the world.

Cyber power, space power and certain kinds of financial power are more important as means of control and influence.

Information technology, artificial intelligence and financial technology innovation are vital to maintaining technological leadership and for robustly generating new companies.

SpaceX BFR and other new space capabilities will extend the importance of space beyond GPS and spy satellites.

China is becoming a clear number 2 and getting Asia region dominance

China is becoming the clear number 2 in military and economic power. China is getting clear Asia region dominance. Asia regional dominance is not a simple or easy thing because Japan and India both have their strengths.

China is becoming competitive with the US in different and growing areas. This looks like sustainable and comprehensive competitiveness. The Soviet Union did not last and was competitive economically.

75 thoughts on “Naval Power, oil and debt were keys to world power but cyber, space and finance keys to future”

  1. Naval Power, oil and debt” Hhahahahah! Let’s see how well cyberwarfare works on the Internet when the power is out. Let’s see how long China’s 1.39 billion people can live when the oil and other minerals stop coming in. How long their SOEs can keep running w/o import cash piling in, etc. etc. As for debt, the top 13 countries suffering crisis of one form or another (Turkey and Argentina are the most covered in our press), all do so because of serious external debt servicing problems. Oh and by the way, debt IS finance as far as terminology is concerned. Not all finance is debt, of course. Space is not even on the cards for them. “China has doubled its annual trade with Africa by 2015 to $222 billion. This is three times United States trade with Africa. China-Africa trade is expected to reach a trillion dollars by 2025. China’s trade with Latin America reaching $244 billion in 2017. This is more than U.S. trade.” So what? The US doesn’t NEED to trade. Neither does India’s. Only demographically imploding nations need to have an investment-led growth strategy (i.e. they are dependent on trade). Meanwhile, China is becoming more and more dependent on trade. Can the Mighty PLAN protect the shipping to and back from Africa, Latin America? No. This makes China way more vulnerable than the US, not less. The only way China can secure such trade as it needs to would be to engage in neo-imperialism. Because the global trade order the US created and maintained is going down the tubes, kiddies. The next few years will not be pretty for South Korea, China, much of northern Europe, etc. Japan already outsourced international trade production to its customer markets (North America, Latin America, India and Europe). The Chinese can’t do that because most of their trade is to create employment via insolvent SOEs, not profit.

  2. Been seeing this a lot since summer 2016:Naval Power oil and debt were keys to world power but cyber” space and finance keys to future””””””cyber””””…is an adjective. “”””Cyber”””” what?”””” Don’t let others using it incorrectly fool you.”””

  3. Naval Power” oil and debt””Hhahahahah!Let’s see how well cyberwarfare works on the Internet when the power is out.Let’s see how long China’s 1.39 billion people can live when the oil and other minerals stop coming in. How long their SOEs can keep running w/o import cash piling in”” etc. etc.As for debt the top 13 countries suffering crisis of one form or another (Turkey and Argentina are the most covered in our press) all do so because of serious external debt servicing problems. Oh and by the way debt IS finance as far as terminology is concerned. Not all finance is debt”” of course.Space is not even on the cards for them. “”””China has doubled its annual trade with Africa by 2015 to $222 billion. This is three times United States trade with Africa. China-Africa trade is expected to reach a trillion dollars by 2025.China’s trade with Latin America reaching $244 billion in 2017. This is more than U.S. trade.””””So what? The US doesn’t NEED to trade. Neither does India’s. Only demographically imploding nations need to have an investment-led growth strategy (i.e. they are dependent on trade). Meanwhile”” China is becoming more and more dependent on trade. Can the Mighty PLAN protect the shipping to and back from Africa Latin America? No. This makes China way more vulnerable than the US not less.The only way China can secure such trade as it needs to would be to engage in neo-imperialism. Because the global trade order the US created and maintained is going down the tubes kiddies. The next few years will not be pretty for South Korea China much of northern Europe etc. Japan already outsourced international trade production to its customer markets (North America Latin America India and Europe). The Chinese can’t do that because most of their trade is to create employment via insolvent SOEs”” not profit.”””””””

  4. China will be lucky if they can feed their population and avoid a devolution of power to local governments in the same time frame. This propaganda has to be aimed at the Chinese population.

  5. Been seeing this a lot since summer 2016: “Naval Power, oil and debt were keys to world power but cyber, space and finance keys to future” “cyber” …is an adjective. “Cyber, what?” Don’t let others using it incorrectly fool you.

  6. China will be lucky if they can feed their population and avoid a devolution of power to local governments in the same time frame. This propaganda has to be aimed at the Chinese population.

  7. Agreed, China’s S. China Sea policy is creating a lot of tension. If it was not for this and some of China’s trade policies nobody here would be complaining about the rise of China. However, we have a vested interest in the current world order and cannot do anything but oppose countries, any countries, that upset it. If China committed to protecting IP, fair trade practices that don’t try to kneecap their partners, got rid of their state owned industries (which would be good for them long run) and worked on a face saving and amicable resolution to the S. China Sea then we will be back to normal relations. China would be a leader, if not the top dog, in the current world order if they committed to it. If they continue with their current practices then, well,we are seeing how that turns out.

  8. Having the world strongest military in the world still matter, since other countries know that they likely wont prevail in a fight against the US. Forming alliances with many of the most powerful countries today and in history matters, and the US has closer relationship with UK, Germany, France, Japan, EU, South Korea ,etc than China does. Also the US living in a region where it doesn’t have to worry about strong neighbors or having any border conflict matters too whereas China is surrounding by Russia, India, Japan, Vietnam and has disputes with other countries pertaining to the South China sea , and US could take advantage of this. Yes, if China becomes the world largest economy via exchange rate that matters for China because wealth is the main foundation of national power in this age of nuclear weapons.

  9. Cyber and Space power could become more important than naval power and air power” should be “Cyber and Space power will be more important than naval power and air power” As the old military axiom says, he who controls the high ground…. You cannot have ships and planes if they can be blasted from space at will. Cities are just sitting targets. We might keep a few deep diving subs, but other than that space is the military and economic future.

  10. China has the highest union membership, both in absolute numbers and per capita, of any country on earth. Membership is not compulsory but, being a collective culture gives them an edge when it comes to such things. Wal-Mart and several Taiwanese firms are still fighting to prevent unionizations of their staffs but hey, what else is new? Chinese unions persuaded the government to ratify four of eight UN Labor Conventions (the US has ratified two), two of four Governance Conventions (the US, one) and twenty-two of 177 Technical Conventions (the US, eleven). Corporations must negotiate with unions and the termination for cause law forces them to publish detailed regulations and keep careful discipline records, since all employees work under written contracts. There are no ‘salaried’ employees and the Labor Contract Law permits employers to unilaterally terminate employees, with severance, only if they remain incompetent after training or reassignment and, since labor courts interpret them strictly, employers who defy labor laws invariably suffer adversely. The normally critical Voice of America said, “In 1995 China enacted a labor law granting all workers the right to a wage, rest periods, no excessive overtime and the right to carry out group negotiations. Beijing, hoping to push local authorities to address the situation, issued a notice to local governments to make improving labor relations an ‘urgent task’ and work to ensure employees are paid on time and in full, launch programs to provide better labor protections for rural migrant workers and call on employers to improve workplace safety. Although many labor protesters have been detained, few have been criminally prosecuted”. The Wall Street Journal reported, “In 2012 alone, the average wage rose by 14 percent. Western corporations such as Crystal Group, which produces clothes for Abercrombie & Fitch and Gap, have pulled out because of ‘rising labor costs’”. Adjusted for productivity, regulations, risi

  11. Well there you are. Let’s all move to China. No, wait… perhaps just “the deplorables” will move away. Erm… no they’re too conservatıve for the Chinese. Perhaps the Lazy Leaning Left? (Hey, equal cwap for all parties)… $123,000,000,000,000 is a bunch of money. Divided by what, 1.3 billion you get over 94,600 (well, close to 85,000 … so that foots); since the fine parallel Communist | Capitalist-sort-of- system will still be functioning, there really won’t be many people actually making $85,000 a year. Just as today in China there aren’t making $20,000. There aren’t making very much over $10,000 a year, still. (8.9 trillion GDP divided by 1.3 billion peeps is only $6,900 per person, average). Ah well… just like The United States. Lots of lower-middle class, a few mega rich, and a very few über-rich. At least the Chinese don’t have to contend with Unions. LOL GoatGuy

  12. the Peterson Institute of International Economics estimates[1] that China’s economy will be fifty percent bigger than America’s by 2021 and, Nobelist Robert Fogel[2] predicts, “By 2040 the Chinese economy will reach $123 trillion or nearly three times the economic output of the entire globe in 2000. China’s per capita income will hit $85,000, more than double the forecast for the European Union..although it will not have overtaken the United States in per capita wealth, according to my forecasts, China’s share of global GDP, 40 percent, will dwarf that of the United States (14 percent) and the European Union (5 percent). This is what economic hegemony will look like”.  [1] Is China Already Number One? New GDP Estimates Arvind Subramanian (PIIE) January 13, 2011 5:15 PM [2] $123,000,000,000,000* *China’s estimated economy by the year 2040. Be warned. FOREIGN POLICY BY ROBERT FOGEL | JANUARY/FEBRUARY 2010. http://www.foreignpolicy.com/articles/2010/01/04/123000000000000?page=0,0

  13. Agreed China’s S. China Sea policy is creating a lot of tension. If it was not for this and some of China’s trade policies nobody here would be complaining about the rise of China. However we have a vested interest in the current world order and cannot do anything but oppose countries any countries that upset it. If China committed to protecting IP fair trade practices that don’t try to kneecap their partners got rid of their state owned industries (which would be good for them long run) and worked on a face saving and amicable resolution to the S. China Sea then we will be back to normal relations. China would be a leader if not the top dog in the current world order if they committed to it. If they continue with their current practices then wellwe are seeing how that turns out.

  14. Having the world strongest military in the world still matter since other countries know that they likely wont prevail in a fight against the US. Forming alliances with many of the most powerful countries today and in history matters and the US has closer relationship with UK Germany France Japan EU South Korea etc than China does. Also the US living in a region where it doesn’t have to worry about strong neighbors or having any border conflict matters too whereas China is surrounding by Russia India Japan Vietnam and has disputes with other countries pertaining to the South China sea and US could take advantage of this. Yes if China becomes the world largest economy via exchange rate that matters for China because wealth is the main foundation of national power in this age of nuclear weapons.

  15. Cyber and Space power could become more important than naval power and air power””should be “”””Cyber and Space power will be more important than naval power and air power””””As the old military axiom says”” he who controls the high ground…. You cannot have ships and planes if they can be blasted from space at will. Cities are just sitting targets. We might keep a few deep diving subs”” but other than that space is the military and economic future.”””

  16. China has the highest union membership both in absolute numbers and per capita of any country on earth. Membership is not compulsory but being a collective culture gives them an edge when it comes to such things.Wal-Mart and several Taiwanese firms are still fighting to prevent unionizations of their staffs but hey what else is new?Chinese unions persuaded the government to ratify four of eight UN Labor Conventions (the US has ratified two) two of four Governance Conventions (the US one) and twenty-two of 177 Technical Conventions (the US eleven). Corporations must negotiate with unions and the termination for cause law forces them to publish detailed regulations and keep careful discipline records since all employees work under written contracts. There are no ‘salaried’ employees and the Labor Contract Law permits employers to unilaterally terminate employees with severance only if they remain incompetent after training or reassignment and since labor courts interpret them strictly employers who defy labor laws invariably suffer adversely. The normally critical Voice of America said “In 1995 China enacted a labor law granting all workers the right to a wage rest periods no excessive overtime and the right to carry out group negotiations. Beijing hoping to push local authorities to address the situation issued a notice to local governments to make improving labor relations an ‘urgent task’ and work to ensure employees are paid on time and in full launch programs to provide better labor protections for rural migrant workers and call on employers to improve workplace safety. Although many labor protesters have been detained few have been criminally prosecuted”. The Wall Street Journal reported “In 2012 alone the average wage rose by 14 percent. Western corporations such as Crystal Group which produces clothes for Abercrombie & Fitch and Gap have pulled out because of ‘rising labor costs’”. Adjusted for productivity regulations rising wages and b

  17. Well there you are. Let’s all move to China. No wait… perhaps just the deplorables”” will move away. Erm… no they’re too conservatıve for the Chinese. Perhaps the Lazy Leaning Left? (Hey”” equal cwap for all parties)… $123000000 is a bunch of money. Divided by what 1.3 billion you get over 94600 (well close to 85000 … so that foots); since the fine parallel Communist | Capitalist-sort-of- system will still be functioning there really won’t be many people actually making $85000 a year. Just as today in China there aren’t making $20000. There aren’t making very much over $10000 a year still. (8.9 trillion GDP divided by 1.3 billion peeps is only $6900 per person average). Ah well… just like The United States. Lots of lower-middle class a few mega rich”” and a very few über-rich. At least the Chinese don’t have to contend with Unions. LOLGoatGuy”””””””

  18. the Peterson Institute of International Economics estimates[1] that China’s economy will be fifty percent bigger than America’s by 2021 and Nobelist Robert Fogel[2] predicts “By 2040 the Chinese economy will reach $123 trillion or nearly three times the economic output of the entire globe in 2000. China’s per capita income will hit $85000 more than double the forecast for the European Union..although it will not have overtaken the United States in per capita wealth according to my forecasts China’s share of global GDP 40 percent will dwarf that of the United States (14 percent) and the European Union (5 percent). This is what economic hegemony will look like”. [1] Is China Already Number One? New GDP EstimatesArvind Subramanian (PIIE)January 13 2011 5:15 PM[2] $123000000000000**China’s estimated economy by the year 2040. Be warned. FOREIGN POLICYBY ROBERT FOGEL | JANUARY/FEBRUARY 2010. http://www.foreignpolicy.com/articles/2010/01/04/123000000000000?page=00

  19. US has closer relationship with UK, Germany, France, Japan, EU, South Korea” Still true for the moment despite the damage the ‘traitor in chief’ has done since November 2016. Insulting leaders of democracies & licking the boots of dictators has not been good foreign policy.

  20. You totally miss the point China may not reach US-like GDP per capita levels anytime soon, but as a total GDP they are already waxing the United “gone for good” States Total GDP is what matters for military power, not GDP epr capita. Otherwise, Qatar would be sitting in the UN security council

  21. I do not think the US has closer ties with the EU than China does nowadays The EU now probably trades with China more than the US

  22. US has closer relationship with UK Germany France Japan EU” South Korea””Still true for the moment despite the damage the ‘traitor in chief’ has done since November 2016.Insulting leaders of democracies & licking the boots of dictators has not been good foreign policy.”””

  23. You totally miss the point China may not reach US-like GDP per capita levels anytime soon but as a total GDP they are already waxing the United gone for good”” States Total GDP is what matters for military power”” not GDP epr capita. Otherwise”” Qatar would be sitting in the UN security council”””

  24. I do not think the US has closer ties with the EU than China does nowadays The EU now probably trades with China more than the US

  25. China has the highest union membership, both in absolute numbers and per capita, of any country on earth” So did National Socialist Germany! You crack me up.

  26. China may not reach US-like GDP per capita levels anytime soon, but as a total GDP they are already waxing the United “gone for good” States ” No, it isn’t. “Total GDP is what matters for military power, not GDP epr capita.” Yet, that is what Godfree was spewing out…ridiculous figures, too.

  27. the Peterson Institute of International Economics estimates[1] that China’s economy will be fifty percent bigger than America’s by 2021 and, Nobelist Robert Fogel[2] predicts, “By 2040 the Chinese economy will reach $123 trillion or nearly three times the economic output of the entire globe in 2000.” So a bunch of China fluffers spewing PRC propaganda like you do said all that. Big deal. “China’s per capita income will hit $85,000, more than double the forecast for the European Union…” Hshahahahahahahahh! Keep smoking that crack, Wu Mau.

  28. China has the highest union membership both in absolute numbers and per capita” of any country on earth””So did National Socialist Germany!You crack me up.”””

  29. China may not reach US-like GDP per capita levels anytime soon” but as a total GDP they are already waxing the United “”gone for good”””” States “”””No”””” it isn’t. “”””Total GDP is what matters for military power”””” not GDP epr capita.””””Yet”” that is what Godfree was spewing out…ridiculous figures”” too.”””

  30. the Peterson Institute of International Economics estimates[1] that China’s economy will be fifty percent bigger than America’s by 2021 and Nobelist Robert Fogel[2] predicts” “By 2040 the Chinese economy will reach $123 trillion or nearly three times the economic output of the entire globe in 2000.””So a bunch of China fluffers spewing PRC propaganda like you do said all that. Big deal.””””China’s per capita income will hit $85″”0″” more than double the forecast for the European Union…””””Hshahahahahahahahh! Keep smoking that crack”””” Wu Mau.”””””””

  31. Well, to fix our southern border all we have to do is legalize drugs or stop people from wanting to move to a country that they see as better than where they came from. Legalizing drugs is not going to happen any more than in China, same with uncontrolled illegal immigration. China is not helping because they sell the ingredients for methamphetamine and synthetic heroin to criminal elements in various countries because it’s profitable and weakens the countries around them. While the Chinese government and people may feel that is OK because of the opium dens 100 years ago, something tells me that is going to bite the Chinese people one day. The US is not a declining power, it is just that the rest of the world is catching up. Some of them play nice with other countries, like Australia or the EU, and we have no issues with them rising. Some countries see their rise as a game of Go, trying to screw everyone in other countries that helped them rise, using government programs to try to steal everything not nailed down, stealing land and resources from other countries around them in the S. China Sea, like China. That is what brought on Trump and why we are having so many problems between us right now. We have debt, but that will die in a decade with our baby boomer generation. China will either face the same problem like us in a decade or two, or will have to just let their elderly die in squalid conditions without assistance from the government. The USA has as much greed as humans in any other country. The difference is that we don’t use government programs to steal from people in other countries hard work, financial risk and intellectual IP. We don’t have state owned industries that are noncompetitive in the market without the government propping them up and stealing IP to try to get ahead or keep them relevant. It has nothing to do with appeasing the US, it is about not acting like a bunch of mafia thieves stealing from others. We work to get ahead, so far China has

  32. Naval Power, oil and debt were keys to world power but cyber, space and finance keys to future” If Molten Salt reactors such as Thorcon’s or Moltex’s are realized, combining them with a turbo helium inductor pump (from nuclear rocket tech) and using seawater and the CO2 in seawater (140 times that in air) you should be able to produce hydrogen and methanol cheaper than today’s petrol prices per MWhr: w­ww.youtube.c­om/watch?v=Q1Fi3BnwL94&t=10m15s This could change the balance of economic power in the world quite a bit.

  33. Comparing to what the US has done in its southern border in terms of creating chaos, tension, death squad revolutions and regime changes, China is a wealth and prosperity flowing down benefactor in the South China Sea region. The US is declining power, and its financial and political incompetence make it laughable joke that a failure telling a raising power what to do to be successful. USA is a greedy and ungradful mafia state, it sees cooperation as weakness and an opportunity to extrort more; appeasing the USA in order to be back to normal reations is like drinking Cyanide to quench thirst. The American is totally untrustworthy, a rouge state and an international law outcast.

  34. Well to fix our southern border all we have to do is legalize drugs or stop people from wanting to move to a country that they see as better than where they came from. Legalizing drugs is not going to happen any more than in China same with uncontrolled illegal immigration. China is not helping because they sell the ingredients for methamphetamine and synthetic heroin to criminal elements in various countries because it’s profitable and weakens the countries around them. While the Chinese government and people may feel that is OK because of the opium dens 100 years ago something tells me that is going to bite the Chinese people one day.The US is not a declining power it is just that the rest of the world is catching up. Some of them play nice with other countries like Australia or the EU and we have no issues with them rising. Some countries see their rise as a game of Go trying to screw everyone in other countries that helped them rise using government programs to try to steal everything not nailed down stealing land and resources from other countries around them in the S. China Sea like China. That is what brought on Trump and why we are having so many problems between us right now. We have debt but that will die in a decade with our baby boomer generation. China will either face the same problem like us in a decade or two or will have to just let their elderly die in squalid conditions without assistance from the government.The USA has as much greed as humans in any other country. The difference is that we don’t use government programs to steal from people in other countries hard work financial risk and intellectual IP. We don’t have state owned industries that are noncompetitive in the market without the government propping them up and stealing IP to try to get ahead or keep them relevant. It has nothing to do with appeasing the US it is about not acting like a bunch of mafia thieves stealing from others. We work to get ahead so far China has stolen

  35. Americans smoke crack and brain washed their citizens with toxic religion fanaticism greedy zero-sum capitalism and irresponsible exceptionalism from cradle to grave and reinforced it with excessive flag saluting not Chinese.

  36. You are confused with political party with union which is a entity to protect the disadvantaged and seek fair share of wealth they produced. It is puzzling why do the Americans hate union that makes a society more equitable which is the aim of democracy perhaps the USA is an extension of medieval Europe serf feudal culture and society they are not democracy at all they despise weak and disadvantaged and thrill on exploitation and adore rentiers like living god.

  37. Naval Power oil and debt were keys to world power but cyber” space and finance keys to future””If Molten Salt reactors such as Thorcon’s or Moltex’s are realized”””” combining them with a turbo helium inductor pump (from nuclear rocket tech) and using seawater and the CO2 in seawater (140 times that in air) you should be able to produce hydrogen and methanol cheaper than today’s petrol prices per MWhr:w­ww.youtube.c­om/watch?v=Q1Fi3BnwL94&t=10m15sThis could change the balance of economic power in the world quite a bit.”””””””

  38. Comparing to what the US has done in its southern border in terms of creating chaos tension death squad revolutions and regime changes China is a wealth and prosperity flowing down benefactor in the South China Sea region.The US is declining power and its financial and political incompetence make it laughable joke that a failure telling a raising power what to do to be successful. USA is a greedy and ungradful mafia state it sees cooperation as weakness and an opportunity to extrort more; appeasing the USA in order to be back to normal reations is like drinking Cyanide to quench thirst. The American is totally untrustworthy a rouge state and an international law outcast.

  39. You’re not going to convince anyone with that horrible English grammar. Yeah, I know, Americans are horrible. It is just luck and not hard work that put them on the top in the world order. A place that rightfully belongs to the Chinese! /s /here’s your sign/

  40. Americans smoke crack, and brain washed their citizens with toxic religion fanaticism, greedy zero-sum capitalism and irresponsible exceptionalism from cradle to grave, and reinforced it with excessive flag saluting, not Chinese.

  41. You’re not going to convince anyone with that horrible English grammar. Yeah I know Americans are horrible. It is just luck and not hard work that put them on the top in the world order. A place that rightfully belongs to the Chinese! /s /here’s your sign/

  42. You are confused with political party with union which is a entity to protect the disadvantaged and seek fair share of wealth they produced. It is puzzling why do the Americans hate union that makes a society more equitable which is the aim of democracy, perhaps the USA is an extension of medieval Europe serf feudal culture and society, they are not democracy at all, they despise weak, and disadvantaged and thrill on exploitation and adore rentiers like living god.

  43. You’re not going to convince anyone with that horrible English grammar.

    Yeah, I know, Americans are horrible. It is just luck and not hard work that put them on the top in the world order. A place that rightfully belongs to the Chinese! /s

    /here’s your sign/

  44. Well, to fix our southern border all we have to do is legalize drugs or stop people from wanting to move to a country that they see as better than where they came from. Legalizing drugs is not going to happen any more than in China, same with uncontrolled illegal immigration. China is not helping because they sell the ingredients for methamphetamine and synthetic heroin to criminal elements in various countries because it’s profitable and weakens the countries around them. While the Chinese government and people may feel that is OK because of the opium dens 100 years ago, something tells me that is going to bite the Chinese people one day.

    The US is not a declining power, it is just that the rest of the world is catching up. Some of them play nice with other countries, like Australia or the EU, and we have no issues with them rising. Some countries see their rise as a game of Go, trying to screw everyone in other countries that helped them rise, using government programs to try to steal everything not nailed down, stealing land and resources from other countries around them in the S. China Sea, like China. That is what brought on Trump and why we are having so many problems between us right now. We have debt, but that will die in a decade with our baby boomer generation. China will either face the same problem like us in a decade or two, or will have to just let their elderly die in squalid conditions without assistance from the government.

    The USA has as much greed as humans in any other country. The difference is that we don’t use government programs to steal from people in other countries hard work, financial risk and intellectual IP. We don’t have state owned industries that are noncompetitive in the market without the government propping them up and stealing IP to try to get ahead or keep them relevant. It has nothing to do with appeasing the US, it is about not acting like a bunch of mafia thieves stealing from others. We work to get ahead, so far China has stolen to get ahead through methods from outright theft to currency manipulation to government restrictions on fair trade.

    Now that we are locking down our system and in the process of kicking China out of our markets, now that multinational corporations face tariffs and are leaving China in droves, taking their finances and tax base with them, China will continue to face major headwinds in achieving its goals. Of course, if those goals were not designed to crush the other countries around them economically and militarily they would not have these problems would they?

    Say or think what you like about the US, we’re here to stay and will continue to grow. We have our problems, sure, but I’ll take our government over China’s any day. Sometimes we love our country for the same reason we love our children, not because they deserve it but because they are ours. If we are destined for conflict so be it, it won’t be our first time to that rodeo.

  45. Americans smoke crack, and brain washed their citizens with toxic religion fanaticism, greedy zero-sum capitalism and irresponsible exceptionalism from cradle to grave, and reinforced it with excessive flag saluting, not Chinese.

  46. You are confused with political party with union which is a entity to protect the disadvantaged and seek fair share of wealth they produced. It is puzzling why do the Americans hate union that makes a society more equitable which is the aim of democracy, perhaps the USA is an extension of medieval Europe serf feudal culture and society, they are not democracy at all, they despise weak, and disadvantaged and thrill on exploitation and adore rentiers like living god.

  47. “Naval Power, oil and debt were keys to world power but cyber, space and finance keys to future”

    If Molten Salt reactors such as Thorcon’s or Moltex’s are realized, combining them with a turbo helium inductor pump (from nuclear rocket tech) and using seawater and the CO2 in seawater (140 times that in air) you should be able to produce hydrogen and methanol cheaper than today’s petrol prices per MWhr:

    w­ww.youtube.c­om/watch?v=Q1Fi3BnwL94&t=10m15s

    This could change the balance of economic power in the world quite a bit.

  48. Comparing to what the US has done in its southern border in terms of creating chaos, tension, death squad revolutions and regime changes, China is a wealth and prosperity flowing down benefactor in the South China Sea region.

    The US is declining power, and its financial and political incompetence make it laughable joke that a failure telling a raising power what to do to be successful.

    USA is a greedy and ungradful mafia state, it sees cooperation as weakness and an opportunity to extrort more; appeasing the USA in order to be back to normal reations is like drinking Cyanide to quench thirst. The American is totally untrustworthy, a rouge state and an international law outcast.

  49. “China has the highest union membership, both in absolute numbers and per capita, of any country on earth”

    So did National Socialist Germany!

    You crack me up.

  50. “China may not reach US-like GDP per capita levels anytime soon, but as a total GDP they are already waxing the United “gone for good” States ”

    No, it isn’t.

    “Total GDP is what matters for military power, not GDP epr capita.”

    Yet, that is what Godfree was spewing out…ridiculous figures, too.

  51. “the Peterson Institute of International Economics estimates[1] that China’s economy will be fifty percent bigger than America’s by 2021 and, Nobelist Robert Fogel[2] predicts, “By 2040 the Chinese economy will reach $123 trillion or nearly three times the economic output of the entire globe in 2000.”

    So a bunch of China fluffers spewing PRC propaganda like you do said all that. Big deal.

    “China’s per capita income will hit $85,000, more than double the forecast for the European Union…”

    Hshahahahahahahahh! Keep smoking that crack, Wu Mau.

  52. “US has closer relationship with UK, Germany, France, Japan, EU, South Korea”
    Still true for the moment despite the damage the ‘traitor in chief’ has done since November 2016.
    Insulting leaders of democracies & licking the boots of dictators has not been good foreign policy.

  53. You totally miss the point
    China may not reach US-like GDP per capita levels anytime soon, but as a total GDP they are already waxing the United “gone for good” States
    Total GDP is what matters for military power, not GDP epr capita.
    Otherwise, Qatar would be sitting in the UN security council

  54. Agreed, China’s S. China Sea policy is creating a lot of tension. If it was not for this and some of China’s trade policies nobody here would be complaining about the rise of China. However, we have a vested interest in the current world order and cannot do anything but oppose countries, any countries, that upset it.

    If China committed to protecting IP, fair trade practices that don’t try to kneecap their partners, got rid of their state owned industries (which would be good for them long run) and worked on a face saving and amicable resolution to the S. China Sea then we will be back to normal relations. China would be a leader, if not the top dog, in the current world order if they committed to it. If they continue with their current practices then, well,we are seeing how that turns out.

  55. Having the world strongest military in the world still matter, since other countries know that they likely wont prevail in a fight against the US. Forming alliances with many of the most powerful countries today and in history matters, and the US has closer relationship with UK, Germany, France, Japan, EU, South Korea ,etc than China does. Also the US living in a region where it doesn’t have to worry about strong neighbors or having any border conflict matters too whereas China is surrounding by Russia, India, Japan, Vietnam and has disputes with other countries pertaining to the South China sea , and US could take advantage of this. Yes, if China becomes the world largest economy via exchange rate that matters for China because wealth is the main foundation of national power in this age of nuclear weapons.

  56. “Cyber and Space power could become more important than naval power and air power”
    should be
    “Cyber and Space power will be more important than naval power and air power”

    As the old military axiom says, he who controls the high ground…. You cannot have ships and planes if they can be blasted from space at will. Cities are just sitting targets. We might keep a few deep diving subs, but other than that space is the military and economic future.

  57. China has the highest union membership, both in absolute numbers and per capita, of any country on earth. Membership is not compulsory but, being a collective culture gives them an edge when it comes to such things.

    Wal-Mart and several Taiwanese firms are still fighting to prevent unionizations of their staffs but hey, what else is new?

    Chinese unions persuaded the government to ratify four of eight UN Labor Conventions (the US has ratified two), two of four Governance Conventions (the US, one) and twenty-two of 177 Technical Conventions (the US, eleven).

    Corporations must negotiate with unions and the termination for cause law forces them to publish detailed regulations and keep careful discipline records, since all employees work under written contracts. There are no ‘salaried’ employees and the Labor Contract Law permits employers to unilaterally terminate employees, with severance, only if they remain incompetent after training or reassignment and, since labor courts interpret them strictly, employers who defy labor laws invariably suffer adversely.

    The normally critical Voice of America said, “In 1995 China enacted a labor law granting all workers the right to a wage, rest periods, no excessive overtime and the right to carry out group negotiations. Beijing, hoping to push local authorities to address the situation, issued a notice to local governments to make improving labor relations an ‘urgent task’ and work to ensure employees are paid on time and in full, launch programs to provide better labor protections for rural migrant workers and call on employers to improve workplace safety. Although many labor protesters have been detained, few have been criminally prosecuted”.

    The Wall Street Journal reported, “In 2012 alone, the average wage rose by 14 percent. Western corporations such as Crystal Group, which produces clothes for Abercrombie & Fitch and Gap, have pulled out because of ‘rising labor costs’”. Adjusted for productivity, regulations, rising wages and benefits, Chinese workers now cost employers as much as their American cousins.

  58. Well there you are. Let’s all move to China. No, wait… perhaps just “the deplorables” will move away. Erm… no they’re too conservatıve for the Chinese. Perhaps the Lazy Leaning Left? (Hey, equal cwap for all parties)…

    $123,000,000,000,000 is a bunch of money. Divided by what, 1.3 billion you get over 94,600 (well, close to 85,000 … so that foots); since the fine parallel Communist | Capitalist-sort-of- system will still be functioning, there really won’t be many people actually making $85,000 a year. Just as today in China there aren’t making $20,000. There aren’t making very much over $10,000 a year, still. (8.9 trillion GDP divided by 1.3 billion peeps is only $6,900 per person, average).

    Ah well… just like The United States. Lots of lower-middle class, a few mega rich, and a very few über-rich. At least the Chinese don’t have to contend with Unions.

    LOL
    GoatGuy

  59. the Peterson Institute of International Economics estimates[1] that China’s economy will be fifty percent bigger than America’s by 2021 and, Nobelist Robert Fogel[2] predicts, “By 2040 the Chinese economy will reach $123 trillion or nearly three times the economic output of the entire globe in 2000. China’s per capita income will hit $85,000, more than double the forecast for the European Union..although it will not have overtaken the United States in per capita wealth, according to my forecasts, China’s share of global GDP, 40 percent, will dwarf that of the United States (14 percent) and the European Union (5 percent). This is what economic hegemony will look like”.


    [1] Is China Already Number One? New GDP Estimates
    Arvind Subramanian (PIIE)
    January 13, 2011 5:15 PM
    [2] $123,000,000,000,000*
    *China’s estimated economy by the year 2040. Be warned. FOREIGN POLICY
    BY ROBERT FOGEL | JANUARY/FEBRUARY 2010.
    http://www.foreignpolicy.com/articles/2010/01/04/123000000000000?page=0,0

  60. China will be lucky if they can feed their population and avoid a devolution of power to local governments in the same time frame. This propaganda has to be aimed at the Chinese population.

  61. Been seeing this a lot since summer 2016:

    “Naval Power, oil and debt were keys to world power but cyber, space and finance keys to future”

    “cyber”

    …is an adjective. “Cyber, what?” Don’t let others using it incorrectly fool you.

  62. “Naval Power, oil and debt”

    Hhahahahah!

    Let’s see how well cyberwarfare works on the Internet when the power is out.

    Let’s see how long China’s 1.39 billion people can live when the oil and other minerals stop coming in. How long their SOEs can keep running w/o import cash piling in, etc. etc.

    As for debt, the top 13 countries suffering crisis of one form or another (Turkey and Argentina are the most covered in our press), all do so because of serious external debt servicing problems. Oh and by the way, debt IS finance as far as terminology is concerned. Not all finance is debt, of course.

    Space is not even on the cards for them.

    “China has doubled its annual trade with Africa by 2015 to $222 billion. This is three times United States trade with Africa. China-Africa trade is expected to reach a trillion dollars by 2025.

    China’s trade with Latin America reaching $244 billion in 2017. This is more than U.S. trade.”

    So what? The US doesn’t NEED to trade. Neither does India’s. Only demographically imploding nations need to have an investment-led growth strategy (i.e. they are dependent on trade).

    Meanwhile, China is becoming more and more dependent on trade. Can the Mighty PLAN protect the shipping to and back from Africa, Latin America? No. This makes China way more vulnerable than the US, not less.

    The only way China can secure such trade as it needs to would be to engage in neo-imperialism. Because the global trade order the US created and maintained is going down the tubes, kiddies. The next few years will not be pretty for South Korea, China, much of northern Europe, etc. Japan already outsourced international trade production to its customer markets (North America, Latin America, India and Europe). The Chinese can’t do that because most of their trade is to create employment via insolvent SOEs, not profit.

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