Has the end of the American century – and perhaps even the American United States – begun?
The rise of Asia, and in particular China, has to many been “inevitable” for a long time. According to this Italian commentary, from La Stampa, translated at Watching America.com the inevitable has now begun, as the Chinese and others have begun buying up U.S. assets with state funds, in what he calls The Great Migration.
It has been written with concern that the massive intervention of sovereign funds is a kind of trans-national state-takeover
And the writer raises…
…a disturbing parallel between the United States today and the decline of the Ottoman Empire when it ceded ownership of banks to pay its debts.
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Although the U.S. maintains global and economic superiority for now, the fundamental shift, the writer suggests, is in the role of “global economic engine” – from the U.S. to developing countries that have been benefiting greatly from increases in the prices of their natural resources – from oil to grain.
Read “The Great Migration” translated on Watching America.com, and for related specifics, check out this recent article from Britain’s Financial Times, discussing the possibility of a decline in the U.S.’ triple-A credit rating from Moody’s.
Robin Koerner is a British-born citizen of the USA, who currently serves as Academic Dean of the John Locke Institute. He holds graduate degrees in both Physics and the Philosophy of Science from the University of Cambridge (U.K.). He is also the founder of WatchingAmerica.com, an organization of over 100 volunteers that translates and posts in English views about the USA from all over the world.
Robin may be best known for having coined the term “Blue Republican” to refer to liberals and independents who joined the GOP to support Ron Paul’s bid for the presidency in 2012 (and, in so doing, launching the largest coalition that existed for that candidate).
Robin’s current work as a trainer and a consultant, and his book If You Can Keep It , focus on overcoming distrust and bridging ideological division to improve politics and lives. His current project, Humilitarian, promotes humility and civility as a basis for improved political discourse and outcomes.