[jcfrei]

> The economic foundations in Australia, Canada, the UK, the US, and the EU are different enough that there is no obvious single structural fault common to all of them.

There is one though: changing demographics - the median age of the population is going up and the percentage of the working population is going down.

[MacsHeadroom]

This is it. China's capable labor force has a lot of growth left in it yet.

The Western world has been relatively stagnant in this regard for two generations already.