December 6, 2016

AND RUSSIA ISN'T EVEN A FOOTNOTE:

China can't lead (y'all are driving me nuts) (Derek Scissors, 12/05/16, AEIdeas)

I come to bury Caesar's critics, not to praise him. President-elect Trump says strange things on Twitter and is panned. His opponents say strange things and heads nod. A standout example: "Trump is ceding global leadership to China." This is absurd. China may not be able to lead northeast Asia, much less the world. If a Trump administration curbs American leadership, the true risk is the world splintering.

The ultimate foundation of global leadership is economic power - you can't lead if you can't afford to lead. Starting with the People's Republic, China would struggle if leadership actually depended on GDP, as many incorrectly think. The PRC remains $7 trillion behind the US in annual GDP. The gap is supposedly closing but (i) fairly slowly and (ii) only if you believe the Communist Party.

Posted by at December 6, 2016 3:12 PM

  

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