IMO 'pins you are not seeing both sides impartially but
instead via your pro-western perspective.
There is no ideal society so long as human nature remains
as is, so the best that cam be done re societal structures is
to have a system that is what is considered the best possible.
Since 1917 there has been conflict between socialism
and capitalism with the current compromise being the Welfare State.
I guess the best entry point into this is to agree on whether freedom or
equality ought to be the primary guiding value.. Both the USA and China
struggle with that at present with the US favouring freedom while China
favours equality.....or so they say.
Yet when one looks at both regimes , neither know whether they are Arthur or Martha.
The US has a preamble to its constitution "
IMO this is a loaded/comflicted statement because having lived and worked
in the USA albeit for 2 years, there was very little sign that God was creating
Americans and even less that they were being 'created" (I prefer born) equal.
And any US junkie will tell you that he/she does not have an unalienable right
to pursue happiness by shooting up! And of course the US Legal/Judicial
system is in direct conflict with the purported US citizen's right to Liberty.
Of course one could do a similar critique of China's "Socialism with Chinese Characteristics"
But of course this thread is all about economics ie: will we have a Chinese economic demise
or is that just wishful US thinking.
One does not have to be Einstein to notice that China has more $Billionaires in (USD)
that that of the USA while it professes "equality" as its primary guiding value. IMO
this is why the Xi regime has clamped down on corruption/tax evasion in order
to demonstrate to the vast majority that the CCP is taking its ideology seriously.
So I guess the big question is: "Can the US adapt to a rapidly changing /hi-tech
disruptive world better than China"? IMO China sue to its command economy
can react more quickly to disruptive change than the USA and that was
demonstrated during the GFC.
And of course China behaved differently to Covid vs that of the USA.
Ironically China put peoples health (save lives) before economics
by comprehensively "locking down" for over 2 years while the US
prioritised economics as evidenced by its massive Covid death toll.
One would have expected that it would have been the other way around...eh?
