China is literally following step by step where Japan was, fighting debt with more debt, until they could no longer defend it. It's also interesting that prior

China is literally following step by step where Japan was, fighting debt with more debt, until they could no longer defend it. It's also interesting that prior to 1989, there was real fear of Japan overtaking US and it was reflected by the media and films. If you studied Economics in university, you will realize US hegemony is far more penetrating and hard to replicate due to network effect...its self evident when the Chinese political elite send their kids away from China, along with wealth... In my humble opinion, the American empire is probably the most efficient and anti-fragile system set in human history because it feeds off on our weakness for rare material goods. I will have to agree with Warren Buffett that the next 100+ years for America will be very good indeed for business. Majority of the network is on an English speaking framework, it's unlikely to switch to hieroglyphics and archaic Confucian values that oppressed individual freedom. tl;dr: China won't usurp the US hegemony without surpassing its military and its transnational and intranational reach through corporatism. Soft power plays a huge role and its not something communist architectures are known for. Otherwise, American elites would be fighting to send their kids to the dreamy foggy lands of Beijing University. The US model is to provide a platform where American corporations can thrive, with money or bullets. It's a system where the value of every nation's money is backed by it's own fiat currency, guaranteeing the #1 position as long as there isn't a civil war or something like that divides the country. The only people that believe PRC will overtake the US are Chinese folks and through Chinese diaspora that bought the line.