McCombs Today says that during 2001, Goldman Sachs predicted Brazil, Russia, India and China (known as the BRIC) would dominate global economic markets in the 21st century. China, for one, has set goals to clean their environment, build a colony on the moon and technologically match the US military. It helps that China has become America’s banker or should I say landlord.
History demonstrates that powerful nations often act arrogant and bully others. America was no different after World War II when much of Europe and Asia’s infrastructure and industrial capacity had been destroyed. For about five decades after the war, the U.S. was the best source of manufacturing which grew a middle class who lived better than most kings and emperors from earlier times. From such riches came an attitude that American democracy and capitalism was superior to any other system.
Goldman predicts by 2035, China will be the world’s largest economy and India will be tied with America for second place. This prediction is because 42 percent of the world’s population lives in the BRIC countries, which have 22 percent of the world’s land mass and 24 percent of global gross domestic product.
Soon, other nations will listen carefully When China Speaks
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Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.
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This is the reason I keep returning to this blog. I can’t believe how many posts I missed since the last time!
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