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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 15 2013: USA's status nowadays reminds me of the glory of Roman and British empire. Both of them had once successed , but unaviodably, they had collapsed. So do the USA. But I do not believe there will be any new superpower. The world was changed. Nowadays world has been connected so tightly that many local power like EU,Rossia, India and China, are not inferior in their power.

    China is different from countries like British or USA in so many aspects. That differences causes the praise and also doubt. Honestly speaking, China is just developing so quickly, it is far away from USA's achievement. But it is not the reason to ignore it, and simply categorize its "parvenu" to some "so that it what" . Any achievement is not easy, there must be something deep for us to learn.
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      Jul 28 2013: Don't know where you get the idea that the US is near collapse. Check the tech innovations (Apple, Microsoft, Google,YouTube, eBay, Yahoo, PayPal, Intel, etc, etc.), the universities, the Nobel prizes, NASA space exploration, GPS (you're using US satellites). The country is technologically vibrant, not just in the past, but right now and probably well into the future.
      • Jul 29 2013: I think I must agree with you that right now and probably in the future the US will still be the model in many areas. But my point is,even this flourish will go on to the future, but it cannot last forever.
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          Jul 29 2013: I will agree with you that nothing lasts forever. No one can know the future. I'm sure that the potential for innovation and improvement exists in all nations, and that exciting developments lie ahead. I hope that these will be used for the good of all, and that we learn to safeguard our environment - otherwise our innovations won't mean much.

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