China becomes world's largest economy. For the first time in 142 years, USA second…
For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet...China enjoyed three decades of double-digit growth before the global downturn, as industrialization and sweeping economic reforms created a new powerhouse in the East.
Growth has slowed in recent years but remains strong by Western standards with the IMF forecasting expansion of 7.4 per cent this year and 7.1 per cent in 2015.
By contrast, the IMF is predicting growth of just 2.2 per cent in the US this year ....
For the last 12 years, China has been expanding their economy and building their middle class. In contrast, the US has been waging war in the Middle East.The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.
As recently as 2000, we produced nearly three times as much as the Chinese.
Currently, US is bombing Iraq, Syria, and Afghanistan. US operates lethal drone programs in Somilia, Yemen, and Pakistan. And lets not even mention the 2011 'leading from behind' bombing campaign in Libya.
US has plenty of money for bombs, for the middle class not so much. US Middle Class is shrinking and inequality is growing.
Still, the USA leads the world in some areas. For example, “The number of privately owned guns in the U.S. is at an all-time high, upwards of 300 million...,” (NRA Institute for Legislative Action in a firearms safety fact sheet Jan. 17, 2013).Imagine: 150 years have passed since the American Civil War ended, and only now has a national debate begun over whether some of the symbols of the South are inappropriate...
How is it that for many politicians and American citizens, this flag has only now become a little embarrassing?
...Every nation has dark spots in its past, and nowhere are those spots darker than in Germany. However, the greatness of a country is reflected in how it deals with this past and whether it critically examines it. In this respect, the United States is not the great nation it believes itself to be.
Its true that China has used violence to control its citizens. But its also true that US Police, aided by surplus war fighting equipment, uses violence to control its citizens.
Current 2015 Medal Standings
US wins Silver Medal, behind China, for the size of its economy.
US wins Gold Medal for bomber and drone killings.
US wins Gold for number of privately owned weapons.
No medal for shrinking middle class.
No medal in racial equality.
Twelve years of Middle East War supplemented with ongoing bombings in Iraq, Syria, Afghanistan and drone killings in Somilia, Yemen, and Pakistan doesn't sound like moral superiority to me...
Neither does a shrinking middle class and expanding racial turmoil...
As always, you are free to think differently.
Uno
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