China and India both are ZERO INVENTION AND INNOVATION countries. ZERO innovation, ZERO invention THAT'S IT.
Just tell me a KILLER INVENTION coming out of either in the last 10 years when they started to boom . Internet ? Mobile phone ? ANYTHING ?
It is always western countries that bring in ENTIRE new killer inventions and revolutionise the entire industry, and then get it cheaply produced in China / India.
What innovation or a new killer application has come out of the Indian IT Giants sitting on the fat cash of $10 billion. NOTHING at all. In Indian so called R&D centeres they are doing the donkey-coolie work for white companies. Core R&D stays in US and Europe along with Japan.
Japan hasnt shifted its Research and development to China.
Regarding US, Why dont a simple thing dont go in your head. United States simply can print DOLLARS and pay off its debit. India cant.
IT DONT NEED TO EARN IT. It may be quadrillions in debit but its currency is MOST ACCEPTED IN THE WORLD. Doomsdayers had been saying in 60s that Germany will overtake, in 70s japanese will overtake, in 90s china will, and now India. NOTHING EVER HAPPENS. So stop the crap.
USA has the economy to support its unusual debit and deficit, NO other country has this advantage.