America is losing due to our own liberalism. China is a disaster, with the majority of their people living in poverty, and only a very very very tiny minority of connected folks buying expensive stuff.
End America’s domestic liberalism, and our economy will rock, regardless of what China does. China is not the problem. American liberals are. But China is not winning, not in the sense that the Chinese people are winning. They are not.
America is losing because of wealth redistribution. We’re constantly told its because of our high labor rates. America doesn’t even make the top ten on highest cost of living places in the world.
Depending on the list you have to go down to about 15th to find an American city.
Its not labor costs.