CaptainJJack

The Great Shift: China Rising, U.S. Falling

The biggest hole in the "China rules the world" thesis is that China is an export driven economy. Until that changes they hurt themselves every time they try to exercise their power.

The problem for EVERY country is that their fortunes depend on the fortunes of the rest of the world, and some (China) more than others.

The US is fading because our exports have long been less than our imports, but that problem is not due to China. It is one word:

OIL.