Gongol.com Archives: May 2013
Brian Gongol

May 6, 2013

The United States of America "Broke and demoralized, America retreats from the Pacific"
One of the possible scenarios detailed in an assessment of the next 20 years in the Pacific, as changes come to America, China, and Japan. The leading conclusion of the Carnegie Endowment report is that the status quo can't go on. And the evidence supporting that conclusion is clear: Publicly-traded companies in China are experiencing shrinking profits, and there's no escaping the demographic realities wrought by China's one-child policy. But the United States has to make the choice to grow (and to deliberately put policies in place to create the environment for growth), or else a slow-growth economy will choke out defense spending while cutting options for other things we want and need.

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