The Real Story of How America Became an Economic Superpower - The Atlantic: "... Tooze’s story ends where our modern era starts: with the advent of a new European order—liberal, democratic, and under American protection. Yet nothing lasts forever. The foundation of this order was America’s rise to unique economic predominance a century ago. That predominance is now coming to an end as China does what the Soviet Union and Imperial Germany never could: rise toward economic parity with the United States. That parity has not, in fact, yet arrived, and the most realistic measures suggest that the moment of parity won’t arrive until the later 2020s. Perhaps some unforeseen disruption in the Chinese economy—or some unexpected acceleration of American prosperity—will postpone the moment even further. But it is coming, and when it does, the fundamental basis of world-power politics over the past 100 years will have been removed. Just how big and dangerous a change that will be is the deepest theme of Adam Tooze's profound and brilliant grand narrative." (read more at the link above)
When the facts change, I change my mind. What do you do? -- John Maynard Keynes
The Big Picture
Financial Crisis - The Telegraph
JohnTheCrowd.com | The Sailing Website
Craig Newmark - craigconnects
- Gary Shilling on Why You Should Own Bonds
- Gary Shilling, Abundance Of Commodities (video)
- Why Austerity Will Not Save Greece (video)
- Corruption, Eradicated?
- America, China, Economic Parity
- Brexit Unlikely If EU Terms Renegotiated says Bori...
- Greece vs Europe, Who Will Blink First? (video)
- What is Happening? Get the Important Stuff Using O...
- Burning Man, Will the Billionaires be Kicked Out? ...
- US, Afghanistan, Iraq, Corruption, Waste
- Global Monetary Policy, What Central Bankers are W...
- US Travel and Medical Companies, New Opportunities...
- Scope of Permissible Cuba Transactions
- Economy: Housing Weak due to Consumer Debt, Credit...
- Gold Standard, Central Banks, Economic Outcomes
- Secular Stagnation, Debt Overhang, Sluggish Growth...
- Ann Pettifor on Europe (video)
- Starbucks Coffee, Seattle, Pike Place Market, CEO ...
- World Economic Forum, Highlights From Davos 2015 (...
- ▼ February (19)
- ► 2014 (368)
- ► 2013 (380)
- ► 2012 (423)