Impacts- Econ Good- Heg- More I/L

Impacts- Econ Good- Heg- More I/L

However we can learn from past hegemonic states, all of which, withered away with time just as the American one is currently in the process of doing. Great Britain was perhaps the last true hegemon before that of the United States. Back in 1890 the collapse of their empire had just began. David A. Lake's research on the issue is work that should be greatly analyzed due to the illustrious similarities between the British recession in to retirement and the United States' as well. For much of the 19th century Great Britain was dominating in the same fields as the U.S. did so in the 1950's through the late 1970's. Soon in the later 1800's The United States and Germany moved to a protectionist system to plant their economic seeds and soon after were surpassing British industries and abilities. The industrial base of Great Britain crumbled and forced them to invest heavily in the service, shipping and insurance sectors of the economy just to break-even when concerning their balance of payment statistics. For the time being the British were able to carry on with the pound as the dominant world currency. The frail system was already on the thinnest of ice, when WWI confounded the weak British economy (Lake 122). At the time of Great Britain's reign of power they also pursued operations to completely open up and liberalize the world economy. This did lead to substantial brief economic abundance but eventually the struggles of remaining a strong enough power to be considered an absolute hegemon wore off. Hegemonic powers are only sustainable during periods of constant economic growth. When growth is no longer the complete and utter status of the hegemony's economic functionality the power ceases to be consistent. We see this to be the case with Great Britain, as other world powers emerged and caught up in terms of economic status and influence, British power that was exerted was much more explicit and coercive, just like it was during the American hegemonic era under President Nixon (Lake 121). It is safe to say that the U.S. is headed down the same path that will eventually end up being the ultimate de-throning of the American empire and it's hegemonic capabilities. If you think back to all the complications that the United States is experiencing in this very moment concerning obvious financial difficulties and others in the areas of education, technological innovation and healthcare respectively. Other nations have clearly started their own catch up phase and are impeding on American power as we speak. The irony between the situations leading up to the collapse of the British hegemonic state and the current burdens that are being placed upon a contemptuous American hegemon are too similar for coincidence. It took the disaster of WWI to finally destabilize the British hegemon and the United States is one major crisis away from experiencing the same fate (Bartilow Lecture).

If in the U.S. case empire is genetic, hegemony is an acquired characteristic. Hegemony was made possible by a rate of economic growth over the course of the nineteenth and early twentieth centuries that had no precedent in human history. This achievement created the preconditions for a U.S.-inspired, designed, and regulated international system that took shape during the first two thirds of the twentieth century. American economic and cultural clout remade societies and reshaped the practices of daily life around the world.

Impacts- Econ Good- A2: China Heg Turn

China is not going to be able to compete with the US long-term—labor shortages.
French 6 (Howard, Associate Professor of Journalism at Columbia University, Former Foreign Correspondent for the NYT, “As China Ages, a Shortage of Cheap Labor Looms,” New York Times, June 30, 2006, http://www.nytimes.com/2006/06/30/world/asia/30aging.html, AD: 7-6-9)

The world's most populous nation, which has built its economic strength on seemingly endless supplies of cheap labor, China may soon face manpower shortages. An aging population also poses difficult political issues for the Communist government, which first encouraged a population explosion in the 1950's and then reversed course and introduced the so-called one-child policy a few years after the death of Mao in 1976. That measure has spared the country an estimated 390 million births but may ultimately prove to be another monumental demographic mistake. With China's breathtaking rise toward affluence, most people live longer and have fewer children, mirroring trends seen around the world. Those trends and the extraordinarily low birth rate have combined to create a stark imbalance between young and old. That threatens the nation's rickety pension system, which already runs large deficits even with the 4-to-1 ratio of workers to retirees that it was designed for. Demographers also expect strains on the household registration system, which restricts internal migration. The system prevents young workers from migrating to urban areas to relieve labor shortages, but officials fear that abolishing it could release a flood of humanity that would swamp the cities. As workers become scarcer and more expensive in the increasingly affluent cities along China's eastern seaboard, the country will face growing economic pressures to move out of assembly work and other labor-intensive manufacturing, which will be taken up by poorer economies in Asia and beyond, and into service and information-based industries. "For the last two decades China has enjoyed the advantage of having a high ratio of working-age people in the population, but that situation is about to change," said Zuo Xuejin, vice president of the Shanghai Academy of Social Sciences. "With the working-age population decreasing, our labor costs will become less competitive, and industries in places like Vietnam and Bangladesh will start becoming more attractive."

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