All industrialised economies have lost economic advantage over the last 3 decades as Chinas state capitalism and scale has delivered higher productivity. The industrial base ofthe US has also been gutted- but the US had its military and financial sectors to sustain its wealth ahead of China. Now that US military industrial complex is crippled by Chinas hegemony over refined rare earths the US is headed in the same direction. China is now gradually but steadily moving from US financial protocols to its own and the US decline will continue rapidly as it has in Europe.
All industrialised economies have lost economic advantage over the last 3 decades as Chinas state capitalism and scale has delivered higher productivity. The industrial base ofthe US has also been gutted- but the US had its military and financial sectors to sustain its wealth ahead of China.
Now that US military industrial complex is crippled by Chinas hegemony over refined rare earths the US is headed in the same direction. China is now gradually but steadily moving from US financial protocols to its own and the US decline will continue rapidly as it has in Europe.