You need to refresh your understanding of the terms "wealth" and "capital". It is obvious that the "mismanagement" is well underway, and you are totally oblivious to it. (Or perhaps you actually favor and encourage that mismanagement.)
capital: One of the four basic categories of resources, or factors of production. It includes the manufactured (or previously produced) resources used to manufacture or produce other things. Common examples of capital are the factories, buildings, trucks, tools, machinery, and equipment used by businesses in their productive pursuits. Capital's primary role in the economy is to improve the productivity of labor as it transforms the natural resources of land into wants-and-needs-satisfying goods.
WEALTH: The net ownership of material possessions and productive resources. In other words, the difference between physical and financial assets that you own and the liabilities that you owe. Wealth includes all of the tangible consumer stuff that you possess, like cars, houses, clothes, jewelry, etc.; any financial assets, like stocks, bonds, bank accounts, that you lay claim to; and your ownership of resources, including labor, capital, and natural resources. Of course, you must deduct any debts you owe.
It is painfully clear from the fundamental economic definitions of "capital" and "wealth" that India and China are creating the capital and wealth to become the military powers of the future. On the other hand, the United States is in decline, shedding its capital and wealth, AND its future National Security in the process.