Paul B. Farrell: China vs. USA bout: 6 rounds of pummeling

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China vs. USA bout: 6 rounds of pummeling
Commentary: China’s not winning, America is throwing the fight

By Paul B. Farrell, MarketWatch


SAN LUIS OBISPO, Calif. (MarketWatch) — “Let’s rrrummmmble!” China vs America. Imagine Caesars Palace. Fight night. New announcer. Harvard financial historian Niall Ferguson subs for Michael Buffer, iconic Vegas fight announcer, famous for his signature “Let’s get ready to rumble.” Trump signed him exclusively. Sugar Ray Leonard said, “When Buffer introduces a fighter, it makes him want to fight.”

OK, fight fans, Ferguson’s the new Buffer in this “Fight of the Century.” His must-read book, “Civilization: The West and the Rest,” hits the stands early 2012. The promos are already rrummmbling: China vs. USA for the heavyweight crown America’s “owned” for centuries.

Let’s rrummmble! Vegas odds: China wins. Why? You decide: Ferguson’s Newsweek excerpt: “The lesson of history is clear. Voters and politicians alike dare not postpone the big reboot.” Yes, he sees a war of killer apps. Says America needs rebooting.

But also hints at a knockout: “Decline is not so gradual that our biggest problems can simply be left to the next administration, or the one after that. If what we are risking is not decline but downright collapse, then the time frame may be even tighter than one election cycle.” ..............(more)

The complete piece is at: http://www.marketwatch.com/story/china-vs-usa-bout-6-rounds-of-pummeling-2011-11-15