Turkish said:
Furthermore, English being the lingua franca will also help the US sit at the throne, the American cultural impact on the world won't be surpassed by anyone atleast in the next 50 years. |
You are clearly underestimating the rate of change in the 21st century. Back in the 19th century, when America first surpassed Europe in the first economic super-cycle, her economy was growing 1% over Europe's on per capita terms. China is growing at eight times that rate because it's so much easier to catch up than going from an even baseline to developed status like in the late 1800's. Look up the convergence theory and diminishing returns.
By 2030, accounting for dollar inflation, their GDP in nominal terms should be a order of magnitude above current values, while the US is growing two and a half times. China's income per capita is going to grow a mind boggling 43 times compared to 1980, compared to 2.5 times in the west. Never before there was a dominance shift this order of magnitude in the planet, not even in the first industrial revolution.







