Sorry, America, China's going to be boss of the world economy
12/11/2012America's global dominance seems to be heading in one direction, and it isn't up. According to the National Intelligence Council, China will overtake the United States as the world's largest economy by 2030, with Asia having more "overall power" than the U.S. and Europe combined. Gulp. The NIC report also predicts that countries with aging populations will struggle to grow quickly and see a fall in living standards. It's not all bad news: The report also predicts that Russia’s screwed, too, and that America will remain an "indispensable world leader" thanks to its vast gas supplies heralding an era of energy independence. All together now: "America, F**K YEAH!" [Source]
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What do you think about America's economic descent?
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