Comments on: U.S. vs China: which economy is bigger, better?

By: oldbrownie67

oldbrownie67 — Mon, 12 Mar 2012 10:22:19 +0000

WWIII scenario: China/Russia vs India/United States. It would be a draw… it escalates and goes nuclear. Humankind, along with all mammals (except rats), becomes extinct. Cockroaches will rule the world. I think we all should start talking to each other like adults.

By: oldbrownie67

oldbrownie67 — Mon, 12 Mar 2012 10:12:48 +0000

The U.S. has obvious geographical advantages, with ready access to both the Atlantic and Pacific Oceans. China and the U.S. are about the same size in land area, but there is no comparison. Alaska is huge, with much mineral wealth that has not been explored yet. When technology catches up, the U.S. will be the new Saudi Arabia; there are ENORMOUS deposits of oil shale in the western U.S. The U.S. also holds the largest coal reserves of any country in the world, including Russia.

The United States can feed herself, China cannot. I hope these two great countries never come to blows, because the whole world would lose.

By: infoseek

infoseek — Thu, 29 Sep 2011 00:06:27 +0000

I’m not sure what’s the point of this author’s aim at China’s rural unemployment rate when the real issue is U.S. has the biggest “income disparity” in the world.

What exactly are our forward looking comparative advantages in this bilateral trade that has fueled such disparity to the point many Americans have underwater mortgages, unemployment, etc.?

None of the recommendations this author has made addresses the problem of unemployed “educated-99ers.”

Do we really want to talk about distortions? Lets start with the phenomenal “productivity” we’ve experienced throughout the housing bubble.

By: Wantunbiasednew

Wantunbiasednew — Thu, 25 Aug 2011 08:11:35 +0000

GDP growth comparisons 1980-2010 United States versus China would be better if CPI (inflation) adjusted.
Inflation adjusted GDP growth in US 80s 31%, in 90s 30% in 2000s 17%, so compound growth 1981-2010 is 100,3%,
so 2 TIMES.
Of course China GDP should be China CPI adjusted but as 80s statistics in China could be not 100% reliable and we want common USD denominator I would compare USD nominal historical China GDP and use US CPI.
So in China GDP growth, US CPI adjusted in 80s 34%, in 90s 146% in 2000s 293% so compound growth 1981-2010 is 1197% so 13 TIMES (only last number could be used for meaningful comparisons, decades data are skewed).

So average yearly growth in last 30 years of US economy was 2,3% and Chinese economy 8,9%.

By: mcright

mcright — Sun, 17 Apr 2011 23:48:25 +0000

This is exactly the cause of erosion of world peace by comparing both countries and encourage competition by all means including military. Why not just mind each own country business, take good care of your backyard and support co-existence.

By: Denshil

Denshil — Sun, 17 Apr 2011 18:05:40 +0000

Author tries to condemn Chinese success.
I think this is US propaganda lie or jealousy.

By: lovegcc

lovegcc — Sun, 17 Apr 2011 10:42:37 +0000

As a Chinese,seeing much more problems in my country，I don’t expect China can surpass U.S. one day,i just hope there won’t be a unrest erupting in China,like the Cultural Revolutionary.

By: zhubajie

zhubajie — Fri, 15 Apr 2011 20:36:51 +0000

Authors tend to talk about countries as if they are true entities, that can win or lose, independently of the constituent citizenry. What Mr. Scissors propose would no doubt continue the further concentration of American wealth in the hands of the very few at the top. In that scenario it matters not whether “America” wins – most of Americans will lose. The income gap will continue to widen. As (not when) corporations continue to seek the highest and most profits, jobs will continue to flow out to areas with lesser cost input factors (e.g, talent).

Actually it’d be interesting to watch what happens to China by 2012, when the next gen leaders step up to the plate. With some of them reputed to be more Mao than Deng, the calls for equality and weeding out graft are picking up steam.