Originally posted by el freako
Could it be that the desire of the US to act outside of binding international treaties and for it's domestic laws to carry weight outside it's borders is the same manifestation of the need for political control now that economic control is diminished?
Back in the 1960's only the USSR came anywhere close to challenging the USA economically - and even then the best it managed was a paltry third of the USA's GDP - today the EU has nearly the same level of GDP as the USA, China's GDP is over half the size of the US's, Japan's is a little under a third and India has over a quarter.
It is also extremely unlikely that the US could manage the 4-6% growth rates needed to keep the gap with China and India, the EU does grow slower but is continually adding countries (indeed in 1990 the then 12 countries of the EU had 91% of the US's GDP in 2000 the 15 current members had 94%) only against Japan has it done well over the last 20 years.
Could it be that the desire of the US to act outside of binding international treaties and for it's domestic laws to carry weight outside it's borders is the same manifestation of the need for political control now that economic control is diminished?
Back in the 1960's only the USSR came anywhere close to challenging the USA economically - and even then the best it managed was a paltry third of the USA's GDP - today the EU has nearly the same level of GDP as the USA, China's GDP is over half the size of the US's, Japan's is a little under a third and India has over a quarter.
It is also extremely unlikely that the US could manage the 4-6% growth rates needed to keep the gap with China and India, the EU does grow slower but is continually adding countries (indeed in 1990 the then 12 countries of the EU had 91% of the US's GDP in 2000 the 15 current members had 94%) only against Japan has it done well over the last 20 years.
And here the US position seems to be as strong as never. Practically all innovations come from the US, most high-tech products originate in the US. The cultural expansion is impressive. The EU (especially if Britain is excluded) lags far behind the US, despite its GDP approaches the USA's level. China' GDP may grow at a high rate, but this growth is largely determined by the manufacturing plants being moved from the West.
Therefore, as long as the USA's share in the high-tech/intellectual sphere does not diminish, its economic dominance will not suffer.
And this is despite the USA's decreasing share in the world's GDP.
Comment