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China vs. USA: Who will win the 21st Century? amarcnn | July 14, 2011 at 7:00 pm | Tags: CNN's Fareed Zakaria | Categories: China, From Fareed, Ideas, United States | URL: http://wp.me/p1bJgh-29x

Editor's Note: The following is an edited excerpt from a transcript of Fareed Zakaria answering viewer questions online. 

We're clearly moving to a Post-American world. This is a world that is not dominated by the United States but not dominated by anyone else yet either.

The 21st Century is up for grabs and how the United States does depends on how well it can marshal the key ingredients of economic and societal success.

In the 20th Century, the key ingredients were labor and capital.

In the 21st Century, the key ingredients will be ideas and energy.

Ideas will be critical because manufacturing has been commoditized. That means that anyone can make anything. The only thing that distinguishes someone today is if that person or organization has new ideas and innovations. We need to create a better mousetrap every week. We need to do something different and unique. Read more of this post

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