alt Hacker NewsThe US definitely peaked a long time ago, and we're in the slow demise phase of its empire, but I think China has already peaked as well. They have the same obesity and consumerism crises that have plagued the US. Add to that a demographic implosion, and I think the best they can do is hope for 20 more years.
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matthewdgreen • yesterday at 8:27 PM
What they don't have is rule by the extraordinarily wealthy. They have rule by the party. I guess we'll find out which one is worse.
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Next 20 years is when PRC will really start cooking. In that period, PRC going to be doubling/tripling skilled workforce more than they have now (currently slightly above parity with US), this is already baked in from past 20 years of birth and current tertiary trends. That workforce, the greatest high skill demographic dividend in recorded history, will hang around for another 40+ years. They will have 40-60 years of operating with as much high end talent as OECD combined within a coordinated system. Past 2080, unless they sort out TFR, things could go bad, but for relevant timeframes, i.e. most of our lifetimes, they're going to be peaking.