China and India Are Beating Us At Our Own Game

John Doggett, senior lecturer in management, McCombs School of Business, The University of Texas at Austin, warns us to be careful what we wish for and not to make assumptions. His history lesson explains that after WWII, much of Europe and Asias infrastructure and industrial production capacity was destroyed. For a short time after, the U.S. was the only source for manufacturing. For the next 50 years, we assumed that developing countries would always be poor struggling economies, incapable of producing innovative products that could compete with us. We were wrong.

During the Cold War, we evangelized about capitalism and free market economies. In the mid 80s, CNN and satellite communications made it easy for the rest of the world to see that our standard of living was better than communist or socialist countries. We are in a race with countries that have bought into our value system and theyre playing by our rule book at a time when were tearing our rule book up.

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• BRIC
• China
• India
• Debt Developing countrie
• economy
• global trade
• John Doggett

[andrew90067]

India is a trustworthy nation .. China is hard to trust !!

[113gsp]

Americans have destroyed their younger generation in sex and obscenity

[rigil007]

@Jimmyretired india has vast cultural diversity as well as history

[Ding760]

@andrew90067 Have you worked with Chinese people? Have you no honor when saying something as false from the truth as that?

All words carry weight, one day a Chinese person who matters to you will see this, and then you will be wondering why the hell you wrote this comment.

[Harry0Putt0Punjabi]

@andrew90067 True!

[alienkishorekumar]

I don;t understand why all the whites only live on earth..they are the most racist bastards i see on the internet..get your white ass to mars and burn yourself bitches..you don't fucking belong to the earth...alien motherfuckers..all the world should be having only colored people..white bastards are alien motherfuckers!

[pagola]

@daarkmatter what about egypt and africa

[gal123rox]

INDIA ROXXX !!!!

[1982mockingbird1982]

@sKyDrifT94 Have you actually met racist Chinese ppl in America? Because I come from a South Asian (similar to Indian) family and there are racists in my family. So your view about Indians might be a little bit idealized.

[1982mockingbird1982]

@Jimmyretired England and the West arent perfect. There are many good concientous ppl in these countries and the culture is liberal enough, but this is not always reflected in the governments actions (particularly if a right wing party wins). India's not perfect, but its culture is also becoming more vibrant and liberal now and its a democracy so its rise would not impact the world order negatively. And China could be just as good if the 'quit the CCP movement gains momentum'.

[Jimmyretired]

@1982mockingbird1982 dont worry england and white englsih people still rule the world, the reason china and india are jealous is because they have no history and culture