ManusJustus said:
Its an escape clause. Kasz knows that he isnt smarter than practically every economist when they say that China will surpass the United States in total GDP around 2050. So he can say, "Oh I thought you meant the People's Republic of China, not the Republic of Chinese People, thats changes everything." |
How's that an escape clause? It's a big deal. Aside from which, government changes would totally screw with their economy while they sorted it out. Furthermore it's likely China as a government will try and cap growth should it seem that such people are growing to discontent with the government... because that's what authortarian governments do.
Furthermore, i have obvious doubts that the chinese will get over the MANY problems they have to reach such status.
Any economist who says that "Definitly by 2050 China will pass the US" is an idiot, and just about anyone would call that person an idiot to their face because your basically saying that you expect nothing major to change in 50 years.
I mean... there are and have been plenty of things that RAPIDLY change how things happen.
