Niall Ferurson: “The big story of your lifetime is that this period of Western predominance came to an end on your watch,”

“LAS VEGAS—The era of US economic dominance is rapidly coming to an end as an “American Gothic” age sets in and China becomes the new global leader, economic historian Niall Ferguson said.

Four primary factors—some caused by the financial crisis and others stemming from separate geopolitical issues—spell the final stages of the American age, Ferguson told attendees at the Skybridge Alternative Investment (SALT) conference here.

“The big story of your lifetime is that this period of Western predominance came to an end on your watch,” he said. “That happened because the developing part of the world is achieving the Industrial Revolution that the Americans experienced. This period is going to continue until China becomes the biggest economy in the world.”

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