Difficult though current economic and political times are, ineluctable forces of economic arithmetic and national interest are asserting themselves in ways that are, in the circumstances, reassuring. There are a number of particular areas where this phenomenon of irrepressible geopolitical logic is emerging.
Finally, the Chinese miracle, replete with the hallelujah chorus of China marching inexorably to the headship of the world, is starting to appear less a wave of the future than a faddish hope or alarm running out of steam. There is no question that, as a developing country advancing from centuries of backwardness to sharply rising prosperity and industrial capabilities, China has been and is an overwhelming and historic success story. The scale of its industrial awakening, to now having more than eight times the gross steel production of the United States, for example, is indicative of the greatest national industrial flowering of a country since that of the U.S. itself in the 19th century after the Civil War. And then, the U.S. advanced in parallel expansions of settled territory, immigration-fired demographic growth, and accelerating financial and industrial development.
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