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Megatrend: China's GDP Will Exceed U.S. GDP in the 21st Century -- Deal With It

Welcome to the Great Convergence -- The Developing World is Converging to Developed Country GDP Per Capita Levels -- The Alternative Would Be Worse(1)

This is an election season, so all hope of intelligent policy discourse has been abandoned in favor of the partisan soundbite. One side, uniquely brilliant, will magically solve our nation's problems (all caused, of course, by the incompetent opposing candidate/party). An example is Professor Niall Ferguson's recent article "Hit The Road, Barack":