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Micheal Hirasuna

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Is China's success a wake up call for the United States?

Americans have long assumed that in spite its faults the United States has the best overall system in the world. The success of China has cast doubt on that premise. Like it or not, we are in a serious competition with China. What is at stake is the role of the US Dollar as the dominant reserve currency. Power shifted from the British Empire to the United States when the Dollar beat the Pound Sterling. The Chinese Yuan is not yet even a secondary reserve currency but expect that to change.

How should we respond the Chinese competition? Should we view this as a matter of survival and prepare for the inevitable fight, or should we take this opportunity to learn from the Chinese to improve our system?

The first challenge is the Global Climate Change crisis. The world is looking for a country to provide leadership to solve this crisis. If China acts and we continue to be politically deadlocked, China will win the competition for international prestige. The world would be more willing to accept the Yuan over the Dollar.

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  • Jul 4 2013: I know that Western countries despise Chinese. As a Chinese ,I want to say is that China has its own history, their government is developed in a specific historical stage. There are many different cultures between China and Western, but I think let the people live a happy life is a good government.I do not understand why you Westerner so like politics.China is still a poor country. But for one who is still famine, what are the ability to engage in political.Who tell me why???
    • Jul 4 2013: Let me elaborate on the topic of famine. Perhaps the real turning point in China's rise is the Nixon visit, when the Chinese were able to import Haber-Bosch technologies to make synthetic fertilizer. Now China has so much food that it is exporting it to the US.
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      Jul 4 2013: Westerners do not despise those who are Chinese. China, as you say, has contributed substantially to civilization. Kiuds learn about this in school even when they are very young.

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