That's not how I read the article. The primary point of the article was how the US and Great Britain transformed from enemies that fought wars into the closest of friends. The US Navy didn't start its' real growth until AFTER (I would have bolded that but I don't know how) war between the nations was a near impossibility because of that amity. The article details how the friendship between the nations came to be, both sides showing restraint over the decades. One of the things that did not happen was the British showing restraint in the face of a hostile country making a great big navy.
That is a fundamentally different situation from the one we face now. If anything the article argues that China should not build a big navy and should emulate the 19th century US by concentrating instead on economic growth.
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