A new cold war really is only possible if China becomes much more self sufficient. <snip> If there HAS to be a world power I suppose I would rather it be the US, I'm just saying we have to look at this with a level head.
One of the big differences I see between russia of the 1970s and 1980s, and modern day china, russia lacked the technology to keep up with the US. With our open market society, we were developing technology faster then russia. It was just impossible for the USSR to keep up.
Fast forward from the 1980s to the 2000s; we develop the technology, then hand that technology over to china for mass production. It will not be long and china will start developing their own products.
If things keep progressing at their current pace, the US will be a shadow of its former self, and china will be the new world power.
What happened to russia in the 1980s, I wonder if that same thing could happen the the US in the coming years. Not that the US would break apart, but that our government could get to the point where nothing can get done.
It appears to me that the US government is more interested in bailing out the banks and wall street, then giving money to needy kids for college grants. We are going to sacrifice our future for instant gratification. As long as that bank ceo or wall street firm stays in business, then everything is ok. We would rather save some bank, then invest in future engineers and scientist.
While the political parties in the US are bickering back and forth, china builds some of the largest construction projects in the history of mankind. As the GDP of the US stagnates, the GDP of china has gone vertical.