| As a European immigrant who came to the US to be an entrepreneur, I can tell you there are many reasons for the US leadership so far, many of which are still true. My top list: - biggest unified market. This is HUGE. Not like the EU "unified" where you can't even speak the same language, but really unified. This means an early idea has big enough of a market to worth pursuing, among other things. - a culture that values technology, innovation, tolerance for risk - world class academic institutions, by far the most of any other country China may challenge the US in terms of being a big unified market, for sure. Given the geopolitical situation however most likely China's innovation will stay focused on China, and the rest of the world will continue to be led by the US for the reasons above. If China was ever to become democratized and continue its growth trajectory it could truly challenge the US gobally but that may not happen for years or decades. Overall I think we should welcome more innovation, even if the US has to share some of the leadership it had until now. But articles that portray some short of US demise or structural decline are more journalistic clickbait than anything else. |
When the combined US+EU market is less than half the amount of people of your own economy, stumbling upon itself with regulations and inner struggles and disagreements, and you are the single most important builder of things in their world.. I'm not sure democracy is a prerequisite to be able to achieve domination eventually.
Sure, average quality of life still isn't on par with the EU or the US.. but then again, they've taken 600 million people out of extreme poverty in the last few decades, they're the single biggest current builder of nuclear power plants, they're developing their own space agency at a rapid pace, and are perfectly fine increasingly making major US businesses bend to their will (in tech, in sports, in the industry, and in bending America's cultural influence in the world through things like Hollywood), and they seriously lock down the innovation and profit so that it circulates internally first and foremost.
I'm not saying all these things for the fun of it: I'm from the EU and I live in Canada, so I'm both very much wanting the world to go towards the models that the EU and Canada are trying to achieve (as far as democracies strive to improve themselves, ever-so-slowly sometimes), but I'm also pretty keenly aware of how small those players actually can be when compared to a behemoth with a very long history, a critical mass, and willing to make any necessary concessions to dominate.
You don't really need 750 million people when you have 1.6 billion in the first place.