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I think part of the question is how much leverage does the US have. It feels to me that 10+ years ago the United states had a lot more leverage in the world to
by notyourwork 10y ago
I think part of the question is how much leverage does the US have. It feels to me that 10+ years ago the United states had a lot more leverage in the world to push things in their favor.
Today it feels opposite that the US is losing that leverage and China doesn't really care. Perhaps I am wrong.
- harryh 10y agoAll other things being equal, a country's GDP is probably a good 1st order estimate of its influence in the world. Over the past several decades China's GDP has been increasing at a faster rate than the US so your feeling is probably correct. Relatively speaking China's influence has been rising and the US's has been falling. I don't think this is necessarily a bad thing. It mostly means that in terms of GDP per capita China has been catching up which means many millions being lifted out of poverty.