The importance of the question and the availability of an answer are two different things. I'm not willing to state that because the question is fundamental, therefore I possess the answer. And I'm certainly not willing to say that since I don't possess the answer, I'll pretend that I do.
George FriedmanThe United State has a net worth against which our debt is a joke ... we wrote in 2008 the United States is going to come out of this recession fast. The Europeans are going to fragment. The Chinese are going to be cremated. Why could we come out of it? Why has all economic theory been proven wrong? Because we're rich and we could afford it.
George FriedmanThe importance of the question and the availability of an answer are two different things. I'm not willing to state that because the question is fundamental, therefore I possess the answer. And I'm certainly not willing to say that since I don't possess the answer, I'll pretend that I do.
George FriedmanPoliticians are enormously smart and rational. They don't have the same interests as businessmen ... But a man rises to the top of the United States. He's clawed his way out of 330 million people. OK. He didn't do that because he was dumb, or lucky, or something like that. He understands power. And he understands how to take it. And he understands how to keep it.
George FriedmanWhile certain coastal cities have become very prosperous, the rest of China has a per capita income of $200 a year. The coast wants to have nothing to do with the interior; it wants to work with Tokyo and New York. This is an old story in China. It is why Mao succeeded in 1927. He wanted [coastal] Shanghai to throw the foreigners out, but Shanghai was doing too well financially [to expel foreigners]. So Mao went to the interior and raised a peasant army. He came back to Shanghai and sealed off the country.
George Friedman