THE NEXT AMERICAN CENTURY IS NOW
Remember when Japan was predicted to overtake America? Back in the 1980s, Japan was the coming country. One “expert”, Herman Kahn predicted that Japan would surpass America as the world’s largest economy by 2000.
Today? Japan’s economy is a quarter the size of America’s. Today, of course, we’re told that the great ascending power is not Japan, but China.
By 2021, China’s GDP was almost 80 percent that of the US and the experts were telling us China would overtake America within a couple of decades. But look at what has happened since. China’s economy has peaked as a percentage of US output.
As recently as 2008, Europe’s economy was about the same size as the United States’. Today, America’s economy is twice the size of Europe’s. Home Depot, a single US company, eclipses all the new businesses created in the European Union since 1974.
So why are Japan, China and Europe all in their different ways underperforming America? Because each are, in their different ways, reverting back to a type of political economic tradition far less successful than America’s.
And with that tradition being revitalized by the new Trump Presidency, we should be on the cusp of an extraordinary period of progress and innovation in America.
“The Briton... should cheerfully acquiesce in the decree of Destiny, and stand in betimes with the conquering American.” So said William Thomas Stead (1849-1912), the prominent Victorian newspaperman and strident reformer.
Tomorrow, January 3, a new Congress is sworn in. Immediately after, the House must elect of Speaker.
Try as he might, it is clear that Xi Jinping cannot rid his military of the insidious corruption that defines its workings much more than the count of warships and nuclear warheads ever can.
U.S. — Following its poor performance in the attack outside the Trump Hotel in Las Vegas this week, the Tesla Cybertruck was unanimously voted Worst Vehicle by members of the National Association of Terrorist Car Bombers.
