It'll be true, everyone does see it coming (just like with rare earth minerals). But the market-infected Western society doesn't have the maturity to do anything about it. Businesses won't because they're expected to optimize for short-term financial returns, government won't because it's hobbled because biases against it (e.g. any failure becomes a political embarrassment, and there's a lot of pressure to stay out of areas where businesses operate and not interfere with businesses).
America needs a lot more strategic government control of the economy, to kick businesses out of their short-term shareholder-focused thinking. If it can't manage that, it will decline into irrelevance.
>America needs a lot more strategic government control of the economy, to kick businesses out of their short-term shareholder-focused thinking. If it can't manage that, it will decline into irrelevance.
If it is meant to be then its meant to be. If the US decides to cling to its old system and it fails well then we would know that it wasn't the best system after all. Humankind will keep moving forward even if it means that another continent controls the show.