Reason Writers Around Town: Shikha Dalmia on Why India and China Can't Eat America's Economic Lunch
In her latest column at The Daily, Reason Foundation Senior Analyst Shikha Dalmia lists five reasons why the American dream is not dead. She writes:
Americans, hit first by outsourcing and then a recession, are becoming deeply pessimistic about their country's ability to maintain its economic leadership. America's Aristophanes, Jon Stewart, commented during a recent interview with the author of India Calling, Anand Giridhardas: "The American dream is still alive — it's just alive in India." Likewise, 20 percent of Americans in a December National Journal poll believed the U.S. economy was no longer the strongest. Nearly half picked China instead.
But neither India nor China will knock America off its economic perch anytime soon, at least not by the only measure that matters: Offering the best life to the most people.