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Wake up, America: The world just isn’t that into you

onebyone

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Wake up, America: The world just isn’t that into you
To much of the world America looks like a declining power, precisely because it is a declining power
By SPENGLERJULY 24, 2021

The United States isn't as popular as it used to be. Photo: Marco Verch / Flickr / Creative Commons

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US oil rigs aren’t producing as much as promised. Photo: AFP via Getty / David McNew



China has installed about 80% of the world’s 5G mobile broadband capacity, the carrier for the Fourth Industrial Revolution as much as railroads were for the First Industrial Revolution, and is moving much faster towards smart cities, automated ports, autonomous vehicles, self-programming robots and a wealth of other 5G applications.

American supply chains can’t keep up with the $5 trillion in demand that the US Treasury dumped onto consumers, so America is running a $1 trillion a year balance of payments deficit. The pull of demand has spiked the inflation rate above 5%.

The Federal Reserve and the White House say this is transitory, but US industries aren’t investing in new equipment. In fact, capital expenditures for US industrial companies this year will be 35% lower than in 2019, and not much better next year.

The US isn’t investing in energy, or much else. It doesn’t boast a single company to compete with Huawei, Ericsson, or Nokia in 5G broadband. China, with its robust supply chains and abundance and diversity of skilled workers and engineers, is likely to get a jump on the United States in the new technologies that will transform economic life.
That includes hydrogen fuel cells: China’s chemical industry produces 30% of the world’s hydrogen as a by-product.



At the same time, America’s allies don’t have a lot of confidence in Washington’s will to defend them—surely not after the humiliating spectacle of another Vietnam-style run from a country where American forces fought a 20-year war, namely in Afghanistan.
 

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gambit

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Given the latest migration statistics, maybe the writer should have written: Wake up, world, America is just not that into you. :lol:
 

Viet

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Wake up, America: The world just isn’t that into you
To much of the world America looks like a declining power, precisely because it is a declining power
By SPENGLERJULY 24, 2021
View attachment 764722
The United States isn't as popular as it used to be. Photo: Marco Verch / Flickr / Creative Commons

View attachment 764724

US oil rigs aren’t producing as much as promised. Photo: AFP via Getty / David McNew



China has installed about 80% of the world’s 5G mobile broadband capacity, the carrier for the Fourth Industrial Revolution as much as railroads were for the First Industrial Revolution, and is moving much faster towards smart cities, automated ports, autonomous vehicles, self-programming robots and a wealth of other 5G applications.

American supply chains can’t keep up with the $5 trillion in demand that the US Treasury dumped onto consumers, so America is running a $1 trillion a year balance of payments deficit. The pull of demand has spiked the inflation rate above 5%.

The Federal Reserve and the White House say this is transitory, but US industries aren’t investing in new equipment. In fact, capital expenditures for US industrial companies this year will be 35% lower than in 2019, and not much better next year.

The US isn’t investing in energy, or much else. It doesn’t boast a single company to compete with Huawei, Ericsson, or Nokia in 5G broadband. China, with its robust supply chains and abundance and diversity of skilled workers and engineers, is likely to get a jump on the United States in the new technologies that will transform economic life.
That includes hydrogen fuel cells: China’s chemical industry produces 30% of the world’s hydrogen as a by-product.




At the same time, America’s allies don’t have a lot of confidence in Washington’s will to defend them—surely not after the humiliating spectacle of another Vietnam-style run from a country where American forces fought a 20-year war, namely in Afghanistan.

5g is not becoming an international standard yet. Installing 80 pct or 100 pct non standard equipment is meaningless.
Saying I am the next superpower because I install more 5g than you is rediculous. Xi Jingping should listen to his spouse Peng and stop bragging.
 

beijingwalker

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5g is not becoming an international standard yet. Installing 80 pct or 100 pct non standard equipment is meaningless.
Saying I am the next superpower because I install more 5g than you is rediculous. Xi Jingping should listen to his spouse Peng and stop bragging.
5G is just part of a bigger picture

China making strides in Industry 4.0 revolution as advanced manufacturing outpaces EU, US, Japan
 

Genghis khan1

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As long as world reserve currency is US dollar, US dominance isn’t going anywhere. No matter how many success and 5G towers China build a year.
 

xyxmt

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Given the latest migration statistics, maybe the writer should have written: Wake up, world, America is just not that into you. :lol:
add 20,000 more to that statistics once US relocates Afghans who supported them...a very big boom to US economy...thats beside half of south America which will call U.S. home before 2050.
 

Goritoes

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If that was someone stomping on a Chinese flag, a few of the usual suspects would be throwing a sh*t fit right about now.
Every flag is respectable in the eyes of its citizens, I would not like anyone step of flag of Pakistan or KSA, similar to that I would not like to step on American nor Israeli flag no matter how big of a disagreement I have, but unfortunately mods don't listen to me here :( Or i would've asked them to remove the Picture at least.
 

gambit

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Individual's choice and government policies, really? comparing apples and oranges
You should direct that comparison to the article's writer and all those supported that article.

What does 'the world' mean? Who? The 'people' is actually more valid than the amorphous 'the world'. So right away, we got that apple-to-orange comparison from the writer.

Who cares about China's 5G expansion? The world or the people? How about neither? The world is too nebulous to pin down. As for the people, as long as America is more welcoming, they do not care about China's 5G expansion. Same with high speed rail. As long as an immigrant can make boo-coo bucks from an app in America, he does not care that China's train can go boo-coo faster.

The article sounds like another one of those late week needed for print thing. All the other writers/editors got all the major news covered and there is one space left to fill. So let us trot out and rehash the tried-and-true America inferior to China cliches. Just reorganize the verbs and grammars. No one in 'the world' will know the truth. Most of them can barely read, anyway. :lol:
 

jamal18

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That is awfully large corner because we have been hearing about it since '09.
Yes, you are right. People have been predicting the end of the dollar for years and been getting it wrong.
However, the fundamentals have been declining for years, and it's a one way slide. It's not a case of if, but when.
 

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