Which is exactly why China is going to win. They play the long game where we only care about the next quarterly report. We drop bombs, they build schools and hospitals and install water wells. We trap countries into IMF loan scams, they give interest free loans.
We make mass graves. China makes friends.
Stagnant wages, weakened unions, at-will employment, low corporate taxes, etc. All Reaganomics. Supply side economics. Basically destroyed the economic powerhouse that won the Cold War. It’s still a goliath, but instead of an immovable industrial bullwark its all debt driven gambling now. Speculation and financialization.