David Goldman—What Chinese Economic Dominance Means for the US EP28
China is on a mission to become the world’s dominant industrial power. What does it mean for the US if China succeeds? And how would Chinese economic dominance impact individual investors?
David Goldman is a columnist for Asia Times and principal of Asia Times Holdings. He is a regular contributor to the Claremont Review of Books, American Affairs Journal and Standpoint Magazine, writing under the pseudonym Spengler. David is also the author of You Will Be Assimilated: China’s Plan to Sino-Form the World.
On this episode of The Wiggin Sessions, David joins me to discuss China’s goal to dominate the Fourth Industrial Revolution and why it matters.
He shares his prediction of what the world looks like in 2031 should China become the dominant force in global manufacturing and trade, describing how that would affect our economic and military power.
Listen in for David’s insight what could happen to the USD’s reserve currency status should China achieve its goals and find out what that means for you and me as individual investors.
Key TakeawaysDavid’s concerns around whether China’s centralized system will fail in time for the US to avoid strategic disaster
What would happen to the USD’s reserve currency status if China achieves economic dominance
The potential for armed conflict between the US and China
China’s goal to dominate the Fourth Industrial Revolution (i.e.: artificial intelligence and big data)
How China is producing 7X as many bachelor’s degrees in STEM fields as the US
How China’s rise to economic dominance would impact individual investors in the US
David’s take the Evergrande drama as a managed deflation of China’s real estate bubble and not a major crisis
David’s prediction of what the world looks like in 2031 should China become the dominant force in global manufacturing and trade
The two big differences between our concerns about Japan in the late 1980’s and our concerns about China today
Why it's important that China has 70% of the world’s installed 5G internet
How the US tax and regulatory environment’s hostility to capital-intensive industries impacts our ability to adopt 5G technology
Connect with David GoldmanDavid at Asia Times
‘Spengler’ at Asia Times
Books by David P. Goldman
Connect with Addison WigginConsilience Financial
Be sure to follow The Wiggin Sessions on your socials. You can find me on—
Facebook @thewigginsessions
Instagram @thewigginsessions
Twitter @WigginSessions
ResourcesYou Will Be Assimilated: China’s Plan to Sino-Form the World by David P. Goldman
Sample Questions from China’s Gaokao
Empire of Debt: The Rise of an Epic Financial Crisis by Will Bonner and Addison Wiggin
The Evergrande Crisis
Houlihan Lokey
‘US Is Chasing China’s Tail on 5G’ in Asia Times
Ericsson 5G Technology
Nokia 5G
Tax Cuts and Jobs Act of 2017
Create your
podcast in
minutes
It is Free