First, the decline of the United States is not only due to the poor domestic situation, but also to China's development and progress.
Many generally believe that the United States is unlikely to decline because it takes intelligent and capable people to drive production forward, and the world's brightest and most talented people have been flowing to the United States. As a result, the United States will maintain its leading position in terms of output and technology. At the same time, the United States has a good self-correction system, and through high-quality education and fair competition mechanisms, it provides a path for powerful people to rise and further promote the country's development and change. However, I think that over the past few decades, the progress of the United States has not been noticeable, and signs of decay have appeared. At the same time, there is no doubt that China is gradually catching up with the United States.
However, the decline in the United States is not only due to the poor domestic situation, but also to China's development and progress. Since the 80s of the last century, the United States began to transfer its manufacturing industry to foreign countries, and the domestic low-end industries have been moved to other countries. There are two reasons for this: one is that the labor force in the United States cannot meet the demand for manufacturing workers, because the manufacturing industry requires a lot of human resources;The second is to reduce pollution to the environment. In addition, the collapse of the Soviet Union also made the United States no longer have to worry about the future, which further weakened the competitiveness of the United States in manufacturing, so that the United States gradually weakened its interest in manufacturing. On the contrary, China has become a major beneficiary of manufacturing relocation. China has developed basic industries and attracted a large amount of foreign investment and manufacturing investment. The stagnation of scientific and technological development in the United States, while the development of basic industries provided opportunities for China, made China gradually catch up with the United States.
The United States has invested heavily in scientific research, but the results achieved in the last 20 years have not been significant. There have been no major breakthroughs in physics and mathematics, computers still use the von Neumann structure, and even today's high-profile artificial intelligence algorithms have been around for the last century. America's stagnation in technology has given China a chance to catch up. The transfer of many manufacturing industries to China, coupled with the development of China's own basic industries, has made it difficult for the United States to make breakthroughs in the field of high technology, and basic industries have provided a foundation for China's development. Although artificial intelligence has not yet been applied on a large scale in the United States, however, China has achieved a wide range of applications and technological breakthroughs for new energy vehicles through a broad market and a complete ** chain, making China a leader in the global new energy vehicle market. In addition, China has reduced its dependence on oil and has greatly increased its independence in energy terms, while the United States has gradually weakened its ability to control energy. This series of changes has allowed China to gradually catch up and compete with the United States.
The U.S. recession isn't just a matter of technology and industry, but there are a number of other factors. For example, both consumption patterns and fiscal conditions in the United States have had an impact on the country's development.
On the one hand, the slowdown in the growth of global wealth has led to the fact that the pie is no longer bigger, but can only roll inward, and resources are unevenly distributed. This further exacerbates the unequal distribution of wealth in society, resulting in the rich getting richer and the poor getting poorer. The wealthy in American society hold most of the wealth, while the income of the average person cannot keep up with the rate of wealth dilution. From 2% owning 80% of wealth to 1% owning 120% of wealth and 99% owing money. This extreme distribution of wealth makes it difficult for businesses to make enough money and for residents to raise their incomes. In order to increase consumption, the United States** had to constantly issue currency, resulting in a lot of debt. This has further increased the pressure on the country's economy, resulting in a high debt ratio.
On the other hand, the United States can no longer rely on dollar hegemony to harvest global wealth. In the past, the United States was able to harvest global wealth through the money printing press by holding the world's leading power and reserve currency status. However, as other countries rise and grow in economic power, the influence of the dollar's hegemony continues to wane. As the world's second-largest economy, China has huge foreign exchange reserves, and at the same time, it has a foreign exchange control system, which makes it impossible for the United States to easily harvest China's wealth through the tide of the dollar. As a result, the U.S. is getting less and less money to raise interest rates and at a higher cost.
In addition, the United States' military strength and international influence remain strong, which is also an important factor for the United States to maintain its central position in the world. However, with the rise of other countries, especially China, the military superiority of the United States is being challenged. China has made great progress in military technology and equipment, and has reached or even surpassed the level of the United States in some areas. This poses a threat to the hegemony of the United States and may lead to a weakening of the influence of the United States in international affairs. At the same time, the United States is also facing a series of international challenges and troubles, such as conflicts and tensions in the Middle East, as well as competition with other major powers, which further exacerbates the United States' predicament.
To sum up, the decline in the United States is not only due to the poor domestic situation, but also because of China's development progress and the influence of other factors. Consumption patterns, fiscal conditions, and the international situation have all had a profound impact on the development of the United States. Although the United States remains one of the most powerful countries in the world, it needs to address these dilemmas and strengthen itself if it is to maintain its leadership.