“America needs to learn from the example for future growth and long-term sustainability being set by China, and build the infrastructure and invest in the education and development of talent in growth industries, such as renewable energy and electronics, to achieve long-term growth and the continuation of the whole American experience,” according to Dr. Stephen Leeb, a recognized authority on finance, investing and economic trends. Leeb spoke with Peter Clayton, producer/host of TotalPicture Radio, a popular career and leadership development podcast.
Realizing the tremendous career and growth opportunities in “green” industries and technology, Clayton regularly features experts in the field on his program. However, the picture Dr. Leeb paints in his interview is troubling. China is gaining ground as a superpower and attaining competitive advantage over other developed countries, especially the United States, by using its profits to globally invest in and control mineral commodities such as coal, oil, zinc, silver, and gold. In his latest book Red Alert: How China’s Growing Prosperity Threatens the American Way of Life, Leeb argues that access to rare earth resources will determine the standard of living for future generations.
Leeb discusses how “U.S. officials and politicians engage in short-term myopic planning, endless legal maneuvering, scandals, and wartime investing that are crippling America’s economic viability.” Contrast this with China’s government, led by politicians with backgrounds in hard sciences. “China is spending enormous amounts of money planning for, and analyzing, the long-term consequences of global warming,” Leeb asserts. “The Chinese, I don’t think, hate Americans, by no means, but the Chinese are all for China. They would like to come off as the heroes in the environmental revolution.” “There’s a war going on