A Quote by Mark Steyn
What can Americans learn from the Olympics spectacle? According to the IMF, China will succeed America as the dominant economic power in the course of the next presidential term, so Howard Fineman, editorial director of the Huffington Post and MSNBC mainstay, was anxious to pick up tips. 'Brits long ago lost their empire,' he tweeted, 'but overall show us how to lose global power gracefully.' So there's that.
Related Quotes
If the IMF is correct (a big if), China will be the planet's No.1 economy by 2016. That means whoever's elected in November next year will be the last president of the United States to preside over the world's dominant economic power.
I've often said that the desire to lecture China on how it should behave in the world is wrong. China was around for thousands of years even before America existed. It could even be that China's growing power will allow itself to be slowed down. But as long as this immense empire doesn't fall apart, it will become an important factor in global politics.
China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If countries know they can't rely on the IMF to help them, their best defense is their own reserve cushion. In a time of spreading global recession, too much emphasis on savings in surplus countries like China can impede prospects for global growth.
China is not only formidable, it is also aggressively building its own economic infrastructure. Just a few years from now, China will rival the U.S. and the European Union in global market power. It already has surpassed us in population.
As President, I'll invest in renewable energies like wind power, solar power, and the next generation of homegrown biofuels. That's how America is going to free itself from our dependence on foreign oil ? not through short-term gimmicks, but through a real, long-term commitment to transform our energy sector.
My belief is that the U.S. is looking at the world through a short-term lens of tariffs and elections, while China is looking at a 25-year plan of becoming the dominant global power.
Our work has only begun. In our time we have an historic opportunity to shape a global balance of power that favors freedom and that will therefore deepen and extend the peace. And I use the word power broadly, because even more important than military and indeed economic power is the power of ideas, the power of compassion, and the power of hope.
China has really succeeded because of its stability.
So my feeling is, how they are going to maintain this fantastic stability in a very fast changing economic situation.
I think this is a challenge we face, how the global region will evolve in stability with such a fast growth.
If they succeed to do that, no doubt, in the next generation it will be the major area of the world, economically.
The accepted ideas of any period are singularly those that serve the dominant economic interest...What economists believe and teach, whether in the United States or in the Soviet Union, is rarely hostile to the institutions - the private business enterprise, the Communist Party - that reflect the dominant economic power. Not to notice this takes effort, although many succeed.
I think the Chinese are wise. After all, they know the U.S. is in a very different league than Russia. The U.S. is the major power in the world, and the US-China relationship... is very important to global stability, to sustain global economic growth.
Six decades ago, as Mao's Communists seized power, the question in Washington was, 'Who lost China?' Now, as his capitalist descendants stand astride the world stage and Washington worries about decline, it seems to be, 'Who lost America?'
You must learn how to handle rejection. To succeed, you must learn how to cope with a little word 'no', learn how to strip that rejection of all its power. The best salesmen are those who are rejected most. They are the ones who can take any 'no' and use it as a prod to go onto the next 'yes'.
I am going to pick on 'Huffington Post.' A lot of its content is great. They are doing a lot of original content now, but historically, a lot of what they did was aggregation. Newspapers don't want to become that, and yet 'Huffington Post' is incredibly popular. It's incredibly successful.
Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans.
From the very beginning, Americans have refused to tolerate unchecked power. We must now press our legislators to protect us from the unchecked power of dominant digital platforms.
In competition, you see people who win and lose, and you have to learn how to lose gracefully. You have to be able to come back in the day and compete again, not hold a grudge, and put everything into the next fight.
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