Why David Rubenstein is Wrong About the U.S. Losing its Competitive Edge at Golden Networking's 2nd China Leaders Forum

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 2, 2010 -- New York, NY, October 02, 2010 -- David Rubenstein, the Carlyle Group's co-founder, says the U.S. threatens to fall behind China, thanks to our growing deficit and government debt. Some of our experts will agree to disagree with Mr. Rubenstein at Golden Networking's 2nd China Leaders Forum, "Is the Chinese Dragon Poised for Global Dominance or Economic Implosion?" (http://www.ChinaLeadersForum.com), October 6th, New York City, which includes panels on

As reported by Fortune.com's Nin-Hai Tseng, "Rubenstein says the U.S. faces the harsh possibility of losing some of its competitive edge amid the rapid rise of emerging economics – in particular, China. The U.S. overwhelmingly dominates the private equity and venture capital industries worldwide, the prominent investor notes. China and other emerging economies have become eager players and companies such as private equity firm Carlyle have increasingly been spending more time in these regions. To date, Carlyle has invested $3 billion in China, he says. But several pressing factors are threatening America's competitive edge. Rubenstein lists huge deficits and government debt, high unemployment, and widening income disparities. 'We have to recognize as Americans that we're not going to be as dominant a force in the global economy as we have been.'"

Handel Jones, author of "Chinamerica: Why the Future of America is China?" and panelist at Golden Networking's 2nd China Leaders Forum, has a slightly more optimistic approach. "The old Yankee culture of thrift and hard work needs to be reborn. That means reversing the entitlement mentality in the United States. Oblivious consumption must be reversed, so that the people in the United States produce more than they consume. The United States needs to focus on providing the foundations to help the children of the next several generations achieve wealth. A spirit of sacrifice for the next generation, commonly found in China, needs to be established in the United States. There is still time for the United States to make the required changes, but the time window is getting shorter. Without the appropriate changes, the employment base in the industrial segments of the United States will continue to decline, and wealth of the population will also decline rapidly."

2nd China Leaders Forum is produced by GoldenNetworking.net (goldennetworking.net), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez. Upcoming Golden Networking's Forums and Business Receptions include:

• High-Frequency Trading Experts Workshop 2010, "Practical Implementation of High-Frequency Trading Strategies" (HFTExpertsWorkshop.com), October 4 & 5, London, October 7 & 8, New York, October 25 & 26, Dubai, and October 28 & 29, Hong Kong

• 2nd China Leaders Forum, "Is the Chinese Dragon Poised for Global Dominance or Economic Implosion?" (ChinaLeadersForum.com), October 6th, New York City

• High-Frequency Trading Happy Hour, (HFTHappyHour.com), October 12th, New York City

• Latin America Leaders Forum 2010, "Unlikely Oasis of Growth amid the Global Economic Crisis?" (LatinAmericaLeadersForum.com), October 21st, New York City

• 1st Finance Leaders Forum, "How the New Financial Legislation Will Impact You and Your Business" (FinanceLeadersForum.com), November 4th, New York City

• 2nd Banking Leaders Forum, "Private Banking on the Brink of Transformational Change" (BankingLeadersForum.com), November 18th, New York City

• Global Energy Leaders Forum 2010, "Proposals and Solutions for Today's Global Energy Challenges" (GlobalEnergyLeadersForum.com), December 2nd, New York City

• 2nd Private Equity Leaders Forum, "Setting the Stage for Radical Transformation in 2011 and Beyond" (PrivateEquityLeadersForum.com), December 9th, New York City

Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders and Experts Forums, including:

• Distressed Investing Experts Forum 2010 DVD Video Package, "Analyzing and Valuing Distressed Companies, Securities and Real Estate", DistressedInvestingExpertsForum.com

• Derivatives Leaders Forum 2010 DVD Video Package, "Strategies for Increasing Profits under an Evolving Regulatory Framework", DerivativesLeadersForum.com

• High-Frequency Trading Leaders Forum 2010 DVD Video Package, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond", HFTLeadersForum.com

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