On April 28th, 2011, I posted an article “U.S. economic supremacy to end in 2016” (1) which was an introduction to a Haaretz article from two days before headed “China’s economy will outstrip America’s in 5 Years” (2).
The key phrase in the Haaretz article was “The forecast is for profound change in the balance of power, not least because in the era of America, the global economy was led by a democratic power. China is not that.”
Indeed it is not. And now, not quite five years later, we have a dangerous situation in which both China and Russia have no respect for President Obama, and are engaging in dangerous games designed to see just how much they can get away with. They are both expanding their military power and capabilities, and China’s economy is assuredly going to surpass that of America. Indeed, some say that has already happened (3).