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HANSON: America: The real crouching tiger, hidden dragon
Ignore the pessimistic view that China will soon replace the U.S. as the world's predominant power
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One American view of China — now increasingly popular on the left and the right alike, especially among the hate-Donald-Trump crowd — is that the communist colossus will be forever ascendant with continued astonishing levels of food production, ship construction and industrial output. In this pessimistic view, China will soon replace the U.S. as the world’s predominant power. We are, supposedly, like an exhausted British Empire circa 1945 and China is the new version of the postwar American powerhouse.
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Yet even Beijing’s miraculous 30-year leap out of poverty into first-world affluence and westernized power is hardly the same as parity with the U.S. In truth, Trump held almost all the cards at the current summit and will do so again when Xi Jinping visits the U.S. this fall. According to nearly every historical measure of power, the U.S. leads China by sizable margins — in wealth, economic output, fuel, food and military strength.
HANSON: America: The real crouching tiger, hidden dragon Back to video
China has roughly four times the population of the U.S., but produces only about 60% of our total GDP. A crude way of looking at this asymmetry is that one U.S. citizen accounts for 40% more goods and services than his four Chinese counterparts. Americans enjoy a per capita GDP (roughly $95,000) more than six times higher than China’s (roughly $15,000).
We are the largest oil and gas producer and exporter in history; China must import 11 to 12 million barrels of oil every day. The U.S. is also the........
