Hearing lots these days about our global competitiveness. That America is on its way down and China is on its way up. Here are a few surprising facts:
China U.S.A
Land: 9,596,961 Sq. Km 9,826,675 Sq. Km
Literacy 93% 99%
Life Exp. 73 79
Population 1.3B .3B
We need to check our outflow of natural resources. Coal, timber, steel and other raw materials have led the way. Scarcity is the biggest problem we face in economics and once raw materials are gone they come back in strange shapes...cars, steel, electronics, furniture. If we can focus on growth here at home, we will win the economic battles of our day.
We are being conditioned to give up to a rising China. Don't believe the press clippings. China is concerned at the moment about rising inflation and decreasing GDP. Some economist predict that China will be forced to raise interest rates soon. China is not infallible. We are the land of the free, home of the brave and the birthplace of industry and innovation. Entrepreneurs can insure American economic dominance. Go USA!
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