IT SEEMS DISRESPECTFUL to say that there was anything good about the terrorist attacks of Sept. 11, 2001. But even tragedies can have unexpected positive consequences ” and this major tragedy had a major positive consequence.
Thanks to 9/11, what is potentially the greatest economic growth story in history has been set in motion ” and the greatest opportunity for investors. I mean the rise of China as an economic superpower, and as an economic partner of the United States. In terms of sheer wealth creation, there is simply nothing to compare to the rapid conversion of a nation of a billion starving peasants into a productive, modern nation.
What does 9/11 have to do with that? Simple. Before 9/11, the United States defense establishment had China targeted as the next great superpower opponent. With the Soviet Union no longer a threat, the Pentagon reorganized its long-range planning around the assumption that inevitably China and the United States would have to compete for global military dominance.
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