A ‘superpower’ is a country that wields enough military, political and economic might to convince nations in all parts of the world to do things they otherwise wouldn’t. Pundits have rushed to label China the next superpower—and so have many ordinary Americans—but the rumors of America’s decline have been greatly exaggerated. In the key categories of power, the U.S. will remain dominant for the foreseeable future. These facts show why America is still the world’s only superpower, and why that won’t change anytime soon.
China’s economy is growing at an impressive rate. But it’s not just the size of an economy that matters—it’s also the quality. According to the World Bank, GDP per capita in the US was $53,042 in 2013; in China it was just $6,807. In other words, little of China’s dramatic economic growth is finding its way into the pockets of Chinese consumers—the byproduct of…
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