Aren’t we all on a precipice.
I would guess a command economy can better manage it.
Why do you continually say that China is failing.
Because their economy, which is built on real estate and manufacturing, is suffering greatly. The demographics of the country—based on the one child limit from decades ago—has left a hole in their population which is coming home to roost. They are aging and will have significant declines in population over the next ten to twenty years.
Xi is barely holding on to his job. No…not in the sense of “Putin has cancer” but in a true political sense. That is going to cause major disruption.
China is a mess. And its not getting any better.