Why China and India Will Soon Dominate the World - Will Our Political Class Do Anything About it?

If you look at some statistics from the U.S. Censusbe much more narrow and much more focused on
organization, the CIA Fact Book, and several otherthose that could actually harm us and we need to
credible sources and put them together in a "what-if"bank the savings and strengthen those areas that will
analysis regarding the future economic power ofenable is to better compete economically.
Russia, China, India, and the United States, you can- We need to finally develop and deploy a sane
develop the following statistical measures:national energy program that makes us as self
- The current population of the United States issufficient as possible, given that the hungrier
about 310 million people, the 2050 estimatedeconomies of India and China will start to compete
population is expected to grow about 42% to 439with us for raw energy sources. The less we spend
million, the current GDP of the United States is abouton energy, as with defense, the better and stronger
$14.43 trillion dollars which yields a current GDP toour economy will be against the onslaught of the
current population ratio of about $46,561 per persongrowing economic powers in the world.
($14.43 trillion divided by 310 million people).- We need to start getting our national debt and
- The current population of Russia is about 143 milliongovernment spending problem under control now.
people, the 2050 estimated population is expected toThe more capital and investment dollars that can be
shrink 23% to 109 million people, the current GDP offunneled into American businesses, the better off we
Russia is about $1.24 trillion, yielding a GDP tocan compete with China and India and the rest of
population ratio of about $8681.the world. If all of our available capital is going to the
- The current population of China is about 1.34 billiongovernment, where it is used on wasteful, inefficient
people, the 2050 estimated population is expected togovernment programs or used to pay the interest
grow about 9% to 1.46 billion people, the currentour national debt, the less flexible and competitive
GDP of China is about $4.8 billion, yielding a GDP toAmerican businesses will be and less economic health
population ratio of about $3,595.our citizens will enjoy.
- The current population of India is about 1.2 billionBottom line, what is needed is a long term strategic
people, the 2050 estimated population is expected toplan for dealing with the new world order in the areas
grow about 53% to 1.81 billion people, the currentof national defense and economic strength. Do we
GDP of India is about $1.1 trillion, yielding a GDP tothink that the American political class is ready for
population ratio of about $925.such a comprehensive analytical and strategic task?
Not unexpected, the United States is the richestConsider what our politicians have been working on
country in the world as measured by gross GDP andover the past year or so:
GDP per citizen. However, the growth of the United- A Congresswoman and her staff worked on
States economy is pretty steady and conservativelegislation that would regulate the sound volume of
vs. countries like China and India. Let's play sometelevision commercials.
games with these base numbers:- A Congressman and his staff worked on legislation
- Let's assume, and there is no reason to believethat would ban the airing of ED commercials on
otherwise, that China continues to grow very quicklytelevision.
over the next forty years. If the Chinese are able to- A Congressman and his staff worked on legislation
get their GDP to population ratio up to half of whatthat would provide a tax break for pet owners who
the current U.S. ratio is, then the total size of themight have to give up their pets in these hard
Chinese economy as measured by GDP (in today'seconomic times.
dollars) would be over $34 trillion, almost two and half- The entire U.S. Congress and the entire Federal
times the size of the U.S. economy.financial regulatory network was completely blind
- Let's do the same thing with India but assume thatsided by the biggest economic malaise since the
the ratio is so low that they can only get their ratioGreat Depression, not realizing what was coming until
up to one quarter of what the current U.S. ratio is,it hit them in the face.
then the total size of the Indian economy as- Politicians in both houses of Congress worked on a
measured by GDP (in today's dollars) would be overbill to regulate how Division One college football
$21 trillion, 50% larger than the size of the U.S.teams decide a national championship.
economy.- The current New Mexico governor is working on
- We will not do the same analysis for Russia sincewhether or not to pardon Billy The Kid, who died
given how fast its population base is shrinking, itsover a hundred years ago.
economic impact in the world economy will be less- A Georgia Congressman, at a Congressional hearing,
and less over time.worried in public on whether the island of Guam could
Thus, the upside for both the Chinese and Indiantip over in the ocean.
markets are very high based on the sheer number of- At least two sitting Congress people are likely to
citizens in each country and their governments' desireshortly face ethics charges and potential trials in the
to aggressively grow their economies. Before weHouse Of Representatives for numerous financial and
know it, both economies could be approaching and/orethics offenses.
surpassing the size and power of the United States- Nancy Pelosi, Speaker of the House, has publicly
economy.stated the insane concept that unemployment is the
If you do not believe these calculations, consider abest way to create jobs.
recent article from the Financial Times that wasAs you can see, we have not elected the most
summarized in the July 30, 2010 issue of The Weekforward thinking, strategic brains in the country. They
magazine. According to the Financial Times, China isare so entwined in the daily political infighting and just
now the biggest consumer of energy, passing theabsolutely trivial matters that time is slipping away
United States last year as reported by thewhile other countries are quickly growing their
International Energy Agency. As late as the yeareconomies to compete with us, our companies and
2000, the United States used twice the energy thatour citizens.
China used. Now, China is using at least 4% moreIf long term, strategic thinkers were running this
than us.country, they would not be working on the above
Another source. In a recent feature section intrivial matters but instead would be focused on the
Fortune magazine, Goldman Sach's was quoted asfollowing:
estimating that by the year 2050, the size of theStep 1 - start reducing the size of the Federal
Chinese economy will be about $70 billion while thegovernment by 10% a year for five years to get our
size of the U.S. economy will be only about $40 billionnational debt and spending under control and to leave
and just barely ahead of the Indian economy. Bymore capital in the private market for investment
2050, Brazil, Russia, India, and China will exceed theagainst other economies.
greenhouse emissions of the rest of the developedStep 2 - find a way to finally make us more energy
world.self sufficient and to bring other nations into a world
All of these numbers point to the same conclusion:wide, trackable process that reduces carbon
namely that China and India will become much, muchemissions equally, not allowing any economy to gain
stronger in the coming years and much morean economic edge at the expense of others and the
competitive, both for raw materials, finishedenvironment.
products, and markets to sell their products. TheStep 3 - develop a ground up approach to overhaul,
United States needs to take some long termimprove, and revolutionize American public education
strategic actions in light of the coming tsunami ofprocesses to prepare our kids for competition in the
stronger economic rivals:new economic world order.
- We cannot hope to compete in the futureStep 4 - bring home most, if not all, of our foreign
economic landscape if we do not find a way todeployed forces to begin the downsizing of our
better educate our children for this new reality. Themilitary budget in order to get our national debt under
United States consistently ranks in the bottom halfcontrol and to provide capital to grow our private
of worldwide student testing and education. This willsector of the U.S. economy.
not make for a strong economy if our workforce isStep 5 - end the Cuban embargo immediately. After
outsmarted by other countries that also have thefifty years, most sane people would conclude it has
advantage of numbers on their side.not worked and ending the embargo would open up
- We cannot hamstring our own economy witha new market for American businesses just ninety
Obama's cap and trade policy while the rest of themiles from our shores.
world, including the bigger and bigger energy users ofStep 6 - the most important step, institute term limit
China and India do not agree to stringent andfor all politicians. Given that none of these needed
trackable carbon emissions programs. If the Unitedstrategic steps have happened to make us better
States goes it alone in this area, our economy willable to compete in the new economic reality and
suffer at the hands of these economies that do not,that most of the sitting politicians have been sitting in
resulting in lost jobs, lost industries, and lost economicthe same seats for decades while nothing happened,
strength since any carbon savings we incur will bewe cannot assume that all of a sudden they will do
overwhelmed by these new economic powers.the right thing. We need to continually refresh those
- We cannot continue to police the world, draining ourserving in Congress and the government with new
economy through our military budget. Better to focuspeople that are more fully aware of what is going on
on getting our own economic house in order ratherin the world and are not tied to old ways of thinking
than deploying troops around the world to protectand spending.
against enemies that do not exist anymore, enemiesWe can succeed, we just need some visionary
that cannot do any direct harm to us, or enemiesthinker and leaders to make it happen. India has its
that are better handled by other countries or theown problems, a large part of its population is still dirt
United Nations. We need to bring home our 54,000 orpoor, possibly providing social unrest problems unless
so troops from Germany since the Iron Curtain nothey somehow can bring more people into their
longer exists, we need to bring home the 90,000 oreconomic growth. The Chinese population will age
so troops from Iraq as Obama the campaignerquickly, as a result of their one child per family policy,
promised to do, we need to bring home our 50,000putting strain on their economy in the coming years.
or so troops from Japan since Japan is not going toAll is not lost. In fact, if executed right, a long term
hit Pearl harbor again and 50,000 troops are useless instrategic plan, as proposed above, could make the
the face of 2,000,000 Chinese troops in theUnited States even stronger since new markets
neighborhood, and we need to bring home ourwould open up in these growth economies. I guess
28,000 or so troops from South Korea and let themthe political class will get to this strategic plan as soon
handle their own security, their economy is strongas the fix that pesky college football playoff system.
enough to handle it. Our focus on defense needs to