Yet another prognosticator is predicting decline for America. Over on cnbc.com, Antonia Oprita has an article, Health Care Law Signals US Empire Decline?, in which she discusses the ideas of David Murrin, the co-founder of Emergent Asset Management hedge fund. He thinks China will soon surpass America due to demographic shifts and increasing risk aversion in the United States.
Is the situation really this dire and inevitable? While I agree that there are many challenges facing America today, and we will have to work hard to overcome them, some of these fears seem overblown. What do you think?
Saturday, March 27, 2010
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