Many Americans fear the rise of China, Helen Wang discovered in many media appearances, she writes in her weblog. Wrong, “I’d like to focus on what makes America a great country to begin with.”
The United States of America is founded on the principle that all men are created equal. It is based on the idea that regardless of one’s background, with determination and hard work, one can achieve whatever one aspires to in life.
This very core of the American Dream has continued to unleash enormous amounts of human potential and creativity, and is still attracting top talent from around the world. I have talked to many Chinese young people, and many of them expressed the desire to come to America and obtain a green card…
For example, a growing Chinese middle class will not only help the Chinese economy to rebalance from its current excessive-saving syndrome, but it will also create markets for American companies to sell into China and therefore alleviate the pain of America’s overconsumption. When the two major economies with opposite strengths and weaknesses can rectify and fortify each other, the world will be able to thrive on a virtuous cycle of globalization without being vulnerable to an American recession.
Most importantly, in order for America to live up to the challenges of the 21st century, it needs to move away from “the global dominance” mentality as stated in Rachman’s article. That is precisely the mentality that led to America’s arrogance in world affairs and caused anti-American sentiment in some parts of the world.