The U.S. has plenty of problems but I think moral contest with China in this area is not one of them.
[edit] - I incorrectly identified China as the bad guy in a historical event where they were the victim. My bad. Point still stands.
They're actually recruiting foreign talent, they're building futuristic and liveable mega cities, they're collecting the capital needed for venture and they're growing their global VC investments.
I really don't like this development and I wished a free country would have achieved what China is doing (I think of them like the Galactic Empire in Star Wars), but I think they'll get there.
People are quick to forget the past and the majority of young people favour socialism. I'm sure they will be quick to move and work for the CCP.
I really don't have much hope left for Europe and the USA, things just keep getting worse. I hope South America will grow its economy and become the free society that can oppose China.
Could you expand on that? Does Spain heavily tax retirees?
I know the US taxes his citizens on global income though, so they would be taxed like US retirees.
It boils down to the following in the US. If you are upper middle class or above you have a very high quality of the life in the US. Healthcare is excellent, taxes are very low for the wealthy and unlike some parts of central and South America, you're free to openly enjoy your wealth here without fear of retribution. My parents live in the US and would love to retire in Spain. The tax burden alone makes that untenable.
China may end up being the dominant economic power but it's unlikely to ever reproduce what the US has in the last century. While the US has societal issues, it's not (currently) committing genocide and it's not facing a demographic time bomb with no ability to incorporate immigrants into society. For all the problems in the US, within a generation or two immigrants become Americans and participate at the highest echelons of American society. Please call me when that's the case in China.
What has made the US great is that it's been able to convince the brightest people in the world to make their homes here. From Albert Einstein to the Google founders and Elon Musk. I really don't see any of that that happening in China.