The Father of the Futures Market: According to the History of the Shifts in World Dominance, China Will Be the Next Dominant Power

American economist and former chairman of the Chicago Mercantile Exchange, Leo Melamed, stated in an exclusive interview that according to historical patterns, world dominance shifts sequentially among different major powers, such as from Spain to Britain, then to the United States. Now, the US's leading advantage has entered a period of depletion, and China will become the next world dominant power.

Melamed criticized President Trump's protectionist policies, which not only bring serious economic consequences but also divide the country and undermine truth, making lies acceptable.

Melamed pointed out that the United States still relies on the status of the US dollar as a reserve currency to maintain its global leadership, but this advantage will not last forever.

According to historical experience, the transfer of global dominance is often gradual rather than abrupt, such as how Britain gradually gave way to the United States after two world wars.

This process does not necessarily involve full-scale war, but is a natural evolution driven by comprehensive factors such as economic strength, technological capabilities, and international influence.

China has a complete industrial system, continuous technological investment, and an expanding network of international cooperation, which gives it the potential to gradually take over the role of global leadership in the future.

This shift in power will be peaceful.

There is a high degree of economic interdependence between China and the United States, with both deeply intertwined, making the cost of a hard conflict extremely high.

China emphasizes win-win cooperation in diplomacy and does not pursue a path of military expansion, which is similar to the peaceful transition between Britain and the United States in the past.

Meanwhile, the political division and financial pressure within the United States may lead it to prefer negotiation and exchange of interests, gradually adjusting its role in the international system, rather than engaging in long-term attrition wars with emerging powers or simply turning against them.

Original: www.toutiao.com/article/1840405815016448/

Statement: This article represents the views of the author himself.