Evidence receipt / commitment
Published · transcript-backedDavid Rubenstein: commitment
17 Nov 2021 Conversations with Tyler David Rubenstein on Private Equity, Public Art, and Philanthropy
“Given the fact that they have a different type of capitalist system than we do — but they have a capitalist system, I would say — given their population base and their technology strengths, I think that we will have to recognize at 25 years from now, it’s unlikely we’ll be the biggest economy in the world.”
Source trail
Everything needed to verify it.
- Speaker
- David Rubenstein
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 17 Nov 2021
- Publisher
- Conversations with Tyler
Transcript context
…Within, say, a 25-year time horizon, what do you think is the greatest risk to American prosperity? Probably the rise of China. China is a bigger population than we have by three times. Given the fact that they have a different type of capitalist system than we do — but they have a capitalist system, I would say — given their population base and their technology strengths, I think that we will have to recognize at 25 years from now, it’s unlikely we’ll be the biggest economy in the world. If we’re not the biggest economy in the world, it’s unlikely we can support the biggest military in the world and unlikely we’ll be the biggest geopolitical power in the world. But how would that harm our prosperity? I can see it might be bad for smaller Asian nations, bad for Taiwan, obviously, but many others. But why would we be worse off as economic entities?…
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