China can't have the American dream

Spend a week in China and you’ll see why. Here’s a Shanghai Daily headline from Sept. 7: “City Warned of Water Resource Shortage.” The article said: “Shanghai may face a shortage of water resources if the population continues to soar. … The current capacity of the city’s water supply was about 16 million tons per day, which is able to cover the demand of 26 million people. However, once the population reaches 30 million, the demand would rise to 18 million tons per day, exceeding the current capacity.” Shanghai will hit 30 million in about seven years!

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“Success in the ‘American Dream,’ ” notes Peggy Liu, the founder of the Joint U.S.-China Collaboration on Clean Energy, or Juccce, “used to just mean a house, a family of four, and two cars, but now it’s escalated to conspicuous consumption as epitomized by Kim Kardashian. China simply cannot follow that path — or the planet will be stripped bare of natural resources to make all that the Chinese consumers want to consume.”

Liu, an M.I.T. graduate and former McKinsey consultant, argues that Chinese today are yearning to create a new national identity, one that merges traditional Chinese values, like balance, respect and flow, with its modern urban reality.

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