Author Topic: US to drop from 1st to 3rd largest economy by 2030  (Read 871 times)

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Offline truth_seeker

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US to drop from 1st to 3rd largest economy by 2030
« on: January 10, 2019, 11:10:33 PM »
US to drop from 1st to 3rd largest economy by 2030.

China #1 then India #2

snip

https://www.dailymail.co.uk/news/article-6575793/China-worlds-largest-economy-2030-India-surpass-U-S.html
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Offline Weird Tolkienish Figure

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #1 on: January 10, 2019, 11:29:58 PM »
2 countries with over a billion people each...

Offline LMAO

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #2 on: January 11, 2019, 09:07:45 AM »
 Remember the days when Japan‘s Economy was predicted to overtake ours one day?
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Offline sneakypete

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #3 on: January 11, 2019, 09:34:24 AM »
What else does anyone expect to happen when you export all your manufacturing?
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Offline Sanguine

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #4 on: January 11, 2019, 10:03:10 AM »
I keep hearing that China's economy is in big trouble.  We'll see.
Cui bono?

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Offline Frank Cannon

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #5 on: January 11, 2019, 10:12:17 AM »
I keep hearing that China's economy is in big trouble.  We'll see.

The Chinamen's growth rate is below 6% and that is using their over inflated numbers. They are in trouble and it isn't even because of exports. It's because internal demands are way down.

Online massadvj

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #6 on: January 11, 2019, 10:23:59 AM »
It is inevitable that countries with 3 to 4 times our population should catch us in absolute terms.  I don't find that particularly disturbing.

The demise of the USA as the world's only military superpower is inevitable.  We have not been the world's only economic superpower for a long time.  Both China and Russia are leapfrogging us in certain military technologies, and as their resources grow China in particular stands a good chance of attaining superiority.

Right now is the time to lay the diplomatic foundations that will make this transition orderly, and I hope that is what Trump is trying to do.  Some days I think so. Other days I wonder. 

He's still better than Hillary would have been.
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Offline Fishrrman

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #7 on: January 11, 2019, 06:34:45 PM »
Sadly, massadvj, you are right.

The Twenty-First Century will ultimately become "China's century".

That time hasn't yet arrived, but it's coming.

Look at our youth, vis-a-vis theirs. How much more need be said?

Offline Sanguine

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #8 on: January 11, 2019, 08:37:17 PM »
Sadly, massadvj, you are right.

The Twenty-First Century will ultimately become "China's century".

That time hasn't yet arrived, but it's coming.

Look at our youth, vis-a-vis theirs. How much more need be said?

I disagree.  The Chinese have some self-limiting factors that I don't think they will be able to overcome.
Cui bono?

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Offline IsailedawayfromFR

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #9 on: January 11, 2019, 09:43:39 PM »
In 11 years went from this little part to leap into #2?  Call me skeptical.
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Offline GtHawk

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #10 on: January 12, 2019, 12:03:49 AM »
Worry not, Nancy Pelosi has a plan to keep America number one. All we have to is keep increasing the number of Americans on unemployment.

Offline Absalom

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #11 on: January 12, 2019, 12:53:15 AM »
So China will be #1 in a decade; really???
At the turn of the 20th century, Great Britain was considered the ranking economic power.
Yet British Capitalists knew it was not so; as Prussian technology far surpassed that of Britain.
Since the Shang Dynasty of 1480 BC, the only category in which China has led the world is in
the production of crap and of course, Marble Warships.
Assertion is too stupid for words.
 

Offline LegalAmerican

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #12 on: January 12, 2019, 01:16:07 AM »
Worry not, Nancy Pelosi has a plan to keep America number one. All we have to is keep increasing the number of Americans on unemployment.


I don't know what that means, but it made me laugh out loud. lol

This is NOT any about ANYONE HERE:  I don't like theses kind of projections.  Most are bogus.  My personal bet peeve is the 20/20 hid sight and the coulda, woulda, shoulda gang.  This smacks of that.  WE DON'T KNOW what will happen by 2030.

A plague, sp? meteor hit, Tsunami, major earth quake, WAR.  I used to date a man that liked to dream a lot.  Wouldn't it be great to......or what  would you spend a million dollars on?  And so forth. All talk, no action, why dream. Nothing ever happened.
To me it was a waste of time; he did love to TALK!  I was practical.  Dream about a real goal, and how to achieve it, make some plans.  But just to talk about, what might be, where to live, it was all pipe dreams.  He is now dead at age 55.

So, it is like, worry about something that may never happen.  Even scripture says something about this.  I am tired, can't spell...
« Last Edit: January 12, 2019, 01:21:38 AM by LegalAmerican »

Online InHeavenThereIsNoBeer

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #13 on: January 12, 2019, 02:19:33 AM »
Remember the days when Japan‘s Economy was predicted to overtake ours one day?

Yes.  That was right around the time when one of my Econ profs mentioned that Japan's baby boom was getting close to retirement.  Kind of like ours is today.
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Offline Freya

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #14 on: January 12, 2019, 03:40:51 AM »
Not surprised

I’ve read “the Rise and Fall  of the Great Powers” by Paul Kennedy. I have the book in my library.

https://en.m.wikipedia.org/wiki/The_Rise_and_Fall_of_the_Great_Powers



Highly recommend. Every great nation eventually falls in history. I’m gutted it’s happening to my beloved USA but any student of history would know it had to happen sooner or later, and they all fall for the same reason(s). We never learn.

One day we won’t be number one. Whether it’s tomorrow or in a century ot a millennium ot 10,000 years. But it will happen. I personally think it will be this century. Hopefully not in my lifetime.
« Last Edit: January 12, 2019, 03:47:55 AM by Freya »
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Offline Absalom

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Re: US to drop from 1st to 3rd largest economy by 2030
« Reply #15 on: January 12, 2019, 02:20:15 PM »
Not surprised

I’ve read “the Rise and Fall  of the Great Powers” by Paul Kennedy. I have the book in my library.

https://en.m.wikipedia.org/wiki/The_Rise_and_Fall_of_the_Great_Powers



Highly recommend. Every great nation eventually falls in history. I’m gutted it’s happening to my beloved USA but any student of history would know it had to happen sooner or later, and they all fall for the same reason(s). We never learn.

One day we won’t be number one. Whether it’s tomorrow or in a century ot a millennium ot 10,000 years. But it will happen. I personally think it will be this century. Hopefully not in my lifetime.
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