Elon Musk warns China's economy could overtake US, says Americans must 'stop punching ourselves in the face'

Posted 37 days ago

From WWW.FOXBUSINESS.COM

Tesla CEO Elon Musk said this week that the U. S. must "stop the infighting" in order to be competitive with China, warning that the world's second-largest economy will someday dwarf America's output.

"What we’re going to see with China, for the first time that anyone can remember who is alive, is an economy that is twice the size of the U. S., possibly three times the size of the U.S., and it’s going to be very weird living in that world," Musk told hosts of the "All-In" podcast on Monday evening.

"So, we better stop the infighting in the U. S. and stop punching ourselves in the face. There’s way too much of America punching itself in the damn face, it’s just dumb, and think about, hey, 'We gotta be competitive here," Musk continued.

"There’s a new kid on the block that’s going to be two to three times our size. We better step up our game and stop infighting."

The total economic output of the United States was about $23 trillion last year, according to the Bureau of Economic Analysis. China's GDP, meanwhile, was about $17.1 trillion, according to the nation's National Bureau of Statistics.

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