Tannin wrote:
They won't. It's 20 years too late for the USA. they are part the point of no return now. You and I won't live to see it, but it's going to be a Chinese century. The USA is riddled with division and corruption and weakness. It is still a mighty power - militarily, culturally, economically - but it is rotten at the core and will fail just as surely as others like it in history - think the Ottomans, Imperial Role, Byzantium.
It's no secret that I dislike the USA, but make no mistake: when we are forced to exchange our national subservience to America with subservience to China, as we surely will be, we will be stepping out of the frying pan and into the fire. But it won't be us that see that day (unless it arrives faster than I expect) it will be our children.
Perhaps. But China, too, is riddled with corruption and hidden economic weakness masked by its its improvement from a terribly low base. China's ability to misallocate capital compared to the USA is characteristic of all dictatorships, where the uS has the resilience and reformability that comes from a free press, an adversarial system of government, and a long institutional tradition of separate powers. The Chinese have many potential strengths, but their system of government has many weaknesses. If you see the change of hegemon from a democratic power to a dictatorship as neutral, I strongly beg to differ.
As for your view that we only hear so much about the US because of media ownership, I think that's almost certainly untrue. Nearly every major cultural movement since the Second World War, and many before, have emanated, for good or ill, from that extraordinarily fertile society. Feminism, political correctness, litigation-frenzy, racial pluralism and multiculturalism (aka "diversity"), drug and youth culture, not to mention most of the ideas that guide modern business (again, for good or ill) have all been largely shaped by the US. That's why what happens there matters, and why it is reported. It's also why the BBC (inter alia) reports on American trends so heavily.