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Originally Posted by Jesus H Christ
This is actually a great reply. IMO China's biggest problem are other Chinese. The communists back in the 40'-60's rounded up all the wealth, seized their assets, and sent many to reeducation camps or worse. In the same lifetime the Chinese communists, now capitalists are paranoid of an overthrow from former capitalists.
The Chinese are incredibly clever because they've injected 25% of their total profits in the US financial system forging a symbiotic relationship to insure their government stability without US interference. Meaning, if they go down, we go down - vice versa.
What most Americans don't know is China and Russia proved this when the American financial system was deeply troubled because they owned an immense amount of AIG stock. When the markets were tumbling all they had to do was dump their stock and the US market would have collapsed. Again, IMO it's not about who's the next superpower because as a whole, we are all in a symbiotic financial relationship.
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Totally agree.
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Educate us or reeducate us in what? - Americans are still the leaders innovative technologies. Matter of fact, that's our problem and it would be nice for other countries to step-up and invent things so we can copy it, make it better, and reap huge profits from it.
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I was speaking about the portion of the middle class that will inevitably fill the space that is available in an economy that is experiencing severe dislocation by the last great wave in technology and innovation. There will be new skills needed to maintenance and service industry in these areas.
I'm not sure what you mean by it being a problem that we are the leaders in innovative technologies. I would think the risk is losing ground here. Today, the majority of Phd's in physics and science are Chinese or Indians. It used to be that these minds would stay in the US, but that is no longer the case. We crank them out and they return to their countries.
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The lack of education and our generational diverse ethnicities is the reason Americans come up with so many inventive ideas. We are too stupid to understand it's impossible, then go out and do it. This has been proven many times with people like Henry Ford, Sam Walton, Steve Jobs, Kirk Kerkorian, Bill Gates, etc.
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It's certainly true that you don't need to be a genius to come up with inventive ideas, but I find it hard to rely on the "were too stupid to understand it's impossible" theory. Moores law will end in a couple decades. New ideas in physics and science, which is what drives technology is key, IMO.
Will Americans maintain their position in these areas as time goes on when we are producing less minds domestically? I think that's a risk. Maybe we will be copying one day, but that seems like going backwards to me.
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