I don't see that happening. The US debt will hinder any big expense that could keep it in any game long term.
Take AI for instance. The US grid is struggling to keep up with demand, while Chinese one has a lot of headway [1]. Usually, this could be solved by an increase in spending lasting a few years which would make the debt tick up, but that would've been an absolutely fine use of debt since it buys some shiny new infra that will pay dividends for the next 20ish years.
Now? Not possible. The US is already drowning in debt and the usual buyers are not showing up to buy it because of the Iran fiasco. With oil so expensive everyone was using their USD reserves to buy oil, not debt. Which mades interest rates go up considerably, and for a country with already ~130% of debt/gdp ratio these are terrible news.
So, I don't think there will be a great power race. Europe is fucked by both high debt, and lack of innovation. Russia is struggling already to finance a war of conquest they started. China is the only one that can run if it comes down to it (unless of course the numbers coming out of China are mega bogus, but for that I don't know enough to have an opinion).
I don't see that happening. The US debt will hinder any big expense that could keep it in any game long term.
Take AI for instance. The US grid is struggling to keep up with demand, while Chinese one has a lot of headway [1]. Usually, this could be solved by an increase in spending lasting a few years which would make the debt tick up, but that would've been an absolutely fine use of debt since it buys some shiny new infra that will pay dividends for the next 20ish years.
Now? Not possible. The US is already drowning in debt and the usual buyers are not showing up to buy it because of the Iran fiasco. With oil so expensive everyone was using their USD reserves to buy oil, not debt. Which mades interest rates go up considerably, and for a country with already ~130% of debt/gdp ratio these are terrible news.
So, I don't think there will be a great power race. Europe is fucked by both high debt, and lack of innovation. Russia is struggling already to finance a war of conquest they started. China is the only one that can run if it comes down to it (unless of course the numbers coming out of China are mega bogus, but for that I don't know enough to have an opinion).
[1] https://fortune.com/2025/08/14/data-centers-china-grid-us-in...