Let's talk about China, the US, the economy, American Exceptionalism....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 18 January 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
Let's talk about China, the US, the economy, American Exceptionalism....
Transcript
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| 0:00.0 | Well, howdy there internet people? Let's Bo again. So today we are going to talk about |
| 0:04.9 | China in the United States and American exceptionalism and how something that has become surprising, some might even say shocking or concerning, to a lot of people |
| 0:20.0 | isn't surprising at all. It shouldn't be, but because of American exceptionalism, it is. |
| 0:25.0 | So, there is a lot of American exceptionalism, it is. |
| 0:31.0 | So, there is a lot of talk about China's growing economic power. |
| 0:40.0 | The concern is that someday soon China will outstrip the United States and |
| 0:48.1 | become that leading economic power. A good gauge of economic power is the GDP. Currently the |
| 0:58.6 | United States has about 23 trillion and China is sitting around 17 but China is increasing at a faster rate. |
| 1:07.0 | That's the general trend. |
| 1:10.0 | What is GDP? I mean other than a really good indicator of economic power? |
| 1:17.0 | It is the final number when it comes to goods and services exchanged. |
| 1:24.5 | The idea that China, as it modernizes, |
| 1:28.6 | is going to have a higher number, |
| 1:32.0 | I don't know how that's surprising. I don't know why it's |
| 1:35.6 | shocking and most importantly one of the reasons it's happening is the |
| 1:42.2 | policies of the people who are terrified of it the most. |
| 1:47.3 | China's growing economic power is a concern for all of the U.S. government, but it is particularly scary for those on the right. |
| 1:57.0 | Here's the thing, final goods and services, right? |
| 2:08.0 | What's the U.S. population? 331 million, something or like that. |
| 2:12.0 | What's China's? 1.4 billion. You need to tell me that a |
| 2:17.5 | country more than four times the size as far as population goes is going to have more goods and services |
| 2:25.1 | exchanged? I'm shocked. The only people that should be surprised by this are people who have bought into the idea that the United States is somehow special. |
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