> a competitor (China) has caught up in most of industries
stop spreading misinformation. go look at largest companies by market cap in the world https://companiesmarketcap.com/ and you'll see US domination while China has a few handful of companies, mostly banks.
> government and elites realized that we’re screwed
That's more like China. That's why 15k rich chinese are fleeing the country in 2024 https://www.forbes.com/sites/miltonezrati/2024/07/03/high-ne..., the most of any country in the world. US isn't the one where the stock market and real estate has collapsed.
stop spreading misinformation. go look at largest companies by market cap in the world https://companiesmarketcap.com/ and you'll see US domination while China has a few handful of companies, mostly banks.
> government and elites realized that we’re screwed
That's more like China. That's why 15k rich chinese are fleeing the country in 2024 https://www.forbes.com/sites/miltonezrati/2024/07/03/high-ne..., the most of any country in the world. US isn't the one where the stock market and real estate has collapsed.