For decades after WW II, we had no competition. Europe and Japan were devastated, and the oceans served as barriers that protected us from external commercial threats. Now over seventy years later, the world is a different place; a global community with instant communications and several dozens re-built economies wanting a seat at the table.
I've written this before, and here it is again. The American century is over. Those factors that allowed it to happen are over. (re-read the previous paragraph)
China is on the rise, and we're stuck with a political system that stays tangled up in its own underwear. No, I'm not proposing the Chinese system would work here, as Mr. Li points out in his TED presentation. But we had better start thinking outside this box of arrogance we live in. We now have some honest to goodness competition from all over the planet, and China is leading the way.
Robert De Filippis
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