Interesting but probably largely wrong because we all write from where we are: 1. & 2. The US is currently still much better off and with a bit of belt tightening can still be much better off. Chinese gdp hasn't caught up and the people are not close to catching up. They are getting closer though which is a good thing for them. Neither country will keep its status quo - countries never do in the medium term. The bigger problem is China's. Which country felt worst in the great depression - the country which was busy exporting to the rest of the world or the importers? The exporter (US) felt it much worse than most of the rest of the world. Who's the exporter now? 3. In your innovation message you simply reflect your own age and viewpoint. Innovation has shifted to consumerism (more crap) and the biological sciences and we seem to be at the edge of dramatic impacts from biological sciences. The Chinese already have brutish government. The US has an amusingly corrupt form of government but it is unlikely to get truly brutish. Lets see though. 2020 is probably about when we'll know how it panned out
Damn... That being said, I wonder how our powerful friends to the east ever wound up Being occupied by European Mercantilists Being Occupied by Japanese Militarists Being sent to re-education-through-menial-labor-camps by Communists So thats about the most recent 300 years of this powerful story You must be talking about before that