Sam Altman « Back to blog China The most important story of 2014 that most people ignored was the Chinese economy overtaking the US economy.  (This is using the purchasing power parity metric, which incorporates differences in the price of goods, but the Chinese economy will overtake on other metrics soon enough.) This shouldn’t have caught anyone by surprise; US growth has stagnated while Chinese growth has continued to do pretty well (the chart below shows inflation-adjusted economic growth rates in China vs. the US since 1978).  The US has become less competitive globally—for example, other countries have surpassed our education system, and we have structural and demographic challenges other countries don’t and that create significant expenses. The historical track record of the largest economy being overtaken by another is not good.  Sometimes it...