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Steyn warns of China's aspirations for global dominance: They've reduced America to 'cheap, service economy'

beijingwalker

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Steyn warns of China's aspirations for global dominance: They've reduced America to 'cheap, service economy'
"Fox News Primetime" host said we were going to be the "knowledge economy" in the 90s but "China snaffled all the knowledge


By Fox News Staff | Fox News
Published 14 hours ago


In his "Fox News Primetime" monologue on Wednesday, Mark Steyn warned that China is aspiring for global dominance as Beijing leads New York City as the city with the largest population of billionaires.

STEYN: Beijing now has more billionaires than New York City. In the last year, the Chinese capital has overtaken the Big Apple to become the billionaire capital of the world. How’d that happen?

Well, take a look at your house: Everything in it’s made in China – not just the kitchen plates and the crappy T-shirts. We were told in the Nineties: Forget about manufacturing – it’s not economically viable for Americans to make widgets and clothing; but don’t worry, we’re gonna be the quote "knowledge economy". Then somehow China snaffled all the knowledge, so they make all our laptops and smartphones, and all the Huawei and 5-G stuff.

And because of that they’ve reduced much of America to a cheap service economy – baristas, Broadway usherettes, the night clerks at the convenient store, all the in-person stuff that got clobbered by the Covid a year ago. Oh, yeah, they also make our viruses, and they make the personal protective equipment that protects you against their viruses. They make our medicines.

 

FairAndUnbiased

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Imagine this little guy in a factory with rolled up sleeves and greasy arms lifting engine blocks or some shit. Lol can you? He looks like he'd have a panic attack if he misses a manicure.
 

Hamartia Antidote

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STEYN: Beijing now has more billionaires than New York City.
Already I'm rolling my eyes at his priorities...BTW he is Canadian. Plus why NYC? Shouldn't he say Washington DC?

BTW US Billionaires are spread out. There's only 6 out of 50 states with none.

 
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beijingwalker

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List of countries by GDP sector composition

Country/EconomyTotal GDP(PPP)(US$MM)AgriculturalIndustrialServiceAgriculturalIndustrialService
World
127,800,0006.4%30.0%63.0%8,179,20038,340,00080,514,000
China
23,210,0007.9%40.5%51.6%1,833,5909,400,05011,976,360
20,850,0001.6%25.1%70.9%333,6005,233,35014,782,650
19,490,0000.9%19.1%80.0%175,4103,722,59015,592,000
India
9,474,00015.4%23.0%61.5%1,458,9962,179,0205,826,510
Japan
5,443,0001.1%30.1%68.7%59,8731,638,3433,739,341
4,199,0000.7%30.7%68.6%29,3931,289,0932,880,514
Russia
4,016,0004.7%32.4%62.3%188,7521,301,1842,501,968
3,250,00013.7%41.0%45.4%445,2501,332,5001,475,500
Brazil
3,248,0006.6%20.7%72.7%214,368672,3362,361,296
2,925,0000.7%20.2%79.2%20,475590,8502,316,600
 

tower9

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The US capitalist class shipped away American industries and now they are blaming China after taking 80% of the profits? Lol How rich.
 

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