Mark Steyn Quotes

China is now expected to surpass Japan as the 2nd richest country in the world. They could become the richest, but that's only if we pay them the money we owe them, and that's not going to happen.

Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.

Probably in 2035 we will pass that mantle on to China. It will be the biggest economy in the world, and it will go way past us and way past India. Given the growth, the size, the opportunities, I don't think there's any other place in the world that can match it.

Economists can certainly disappoint you. One said that the economy would turn up by the last quarter. Well, I'm down to mine and it hasn't.

I don't think we're going to see the price of oil going down in the near future, that's the reality.

The major economies are not American anymore. They are Asian and South American.

There is not an alternative to the US as the engine for growth.

America stood at the summit of power, emerging from the Cold War as an economic, cultural and military force without equal.

We're living through the twilight of American economic dominance.

We see China becoming an unstoppable force. It's a huge threat and a huge opportunity.

For the first time since the 15th century, China is becoming a major economic power.

China became an economic power with few equals. By 2010 China gad overtaken Japan as the world’s second largest economy in terms of GDP, China’s transformation consistently drew one ideas beyond it shores.

The world over, it was believed that, down the line, India will emerge as a major economy along with U.S. and China.

If the Asian financial crisis had the impact of accelerating China's rise, the transatlantic financial crisis has had the effect of accelerating Germany's rise.

I think, going forward, we need to be much more modest on expectations with regard to China growth: That's just being realistic.

In a globally interdependent world, a better financial and investment system cannot be achieved on a country-by-country basis. There may be no one-size-fits-all model for economic development, but without global standards and complementary regulations, the long-term outlook for the world economy will remain bleak.

America is the most powerful economy in the world. We're an $18-trillion-dollar economy.

I have been observing China for more than 30 years and am impressed how logically and wisely it tackles its problems. Obviously the international system could be unbalanced by China's rising power - if we don't prepare ourselves for the new competitive situation, that is. But it is an economic challenge, not aggression on the level of Hitler.

The fact that we're spending $700 billion a year on oil is actually a good thing; it means we have the prosperity to do it. It means that oil's being used, and oil is the fuel for the engine of freedom.

The difference between capitalism and feudalism is that under capitalism, they make money directly through wages, manufacturing, and commerce and under feudalism, it's directly through juro-political means.

All countries have problems with China's economic power.

America is very important economically. It's certainly, by far, the most important country in the world.

The Continent will not suffer England to be the workshop of the world.

Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other

An economist is a man that can tell you...what can happen under any given condition, and his guess is liable to be as good as anybody else's too.