Despite tough times in America now, Ian Bremmer and Nouriel Roubini contend (and are likely right) that America remains the world’s best long-tern economic bet. There’s reason for optimism about our future:
But the longer-term future appears much brighter for the U.S. than for either Europe or China. America is still the leader in the kind of cutting-edge technology that expands a nation’s long-term economic potential, from renewable energy and medical devices to nanotechnology and cloud computing. Over time, these advantages will yield more robust economic growth.
The U.S. also has a demographic advantage. In Europe, declining birthrates and rising sentiment against immigration point toward a population that will shrink by as much as 100 million people by 2050. In China, thanks in part to its one-child policy, the working population has already begun to contract. By 2030, nearly 250 million Chinese will have passed the age of 65, and providing them with pensions and health care will be very costly.
Via Europe, China, U.S.: Whose Economy Has It Worst? – WSJ.com.