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A new world order: the rise of China and the decline of the West

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“I would expect, and I think we're witnessing, the beginnings of the decline of America, America as the nation that exercises economic hegemony in the world. I think that part of the present crisis actually, the origins of it lie in the inability of the United States any longer to be able to sustain and underwrite the international economic system of which it is the architect and patron. That is a deep problem. The indebtedness means it cannot do it any more - the multiple indebtedness.”

With that, he thinks China, 

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