If you want a vision of the future, learn to speak Chinese

Former World Bank head James Wolfenson puts the complacent West on notice.

Wolfensohn said that somewhere between 2030 and 2040, China would become the largest economy in the world, leaving the United States behind.

By 2050, China’s current two trillion US dollar GDP was set to balloon to 48.6 trillion, while that of India, whose economy weighs in at under a trillion dollars, would hit 27 trillion, he said, citing projections by investment bank Goldman Sachs.

A world in which China and India call the shots through economic power. Interesting. I’ve always wondered what would happen to capitalism when it started biting whitey’s ass. Of course, the inhuman corporate egregores we have created to rule us don’t actually care what colour anyone’s skin is, and by then, on current form, all power will be given unto them.

I thought this was interesting, too.

The phenomenal rally by the two countries was a return to form rather than a novelty, he said, as they together had accounted for 50 percent of global GDP from the 1500s until the industrial revolution reduced that to between five and seven percent.

So the gross imbalance of colonialism may slowly be unravelling in a globalised world?

One Response to “If you want a vision of the future, learn to speak Chinese”

  1.   Janet
    November 28th, 2006 | 6:24 pm

    A couple of years ago the economy of the ‘East’ finally got bigger than the economy of the ‘West’ for the first time since prior to the industrial revolution.

    Isn’t what happens in 2050 that climate change and ecological damage becomes irreversible because the world can’t sustain all that economic growth anyway?