“Every so often, a grand thesis captures the world’s imagination,” began an article in the The New Yorker in 2008. “The latest … is that America’s time of global dominance is finished, and that new powers, such as China, India, and Russia, are poised to take over.” There has been no shortage of optimism about China since, like a 2011 Foreign Affairs headlined the “The Inevitable Superpower” and a 2018 piece from The Economist that “The Chinese century is well under way.” What a difference the past few years have made. [time-brightcove not-tgx=”true”] Conventional wisdom that China’s economy would eclipse the U.S.
Comment on Why the U.S. Economy Is Surging, as China’s Stumbles
John Austin, Time
Fri, 03/29/2024 - 2:00am
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