Status Updates From The Great Global Transforma...

It’s interesting to read a competent economist awkwardly graft critical social theory onto his models and statistics

„In terms of real personal incomes, the point in time when the number of affluent (wohlhabend) may become ap. equal to the number of affluent americans will take […] between a generation and a generation-a-half.“

In 60-70 years China could have as many globally rich citizens as the US.
In this context we have to asses the recent changes in US policy towards China (e.g., tighter control over technologically sensitive exports to China)

(Compared to the Soviet Union and regarding Western hegemony)…, China scores well in „weight“ (economic importance) and poorly in „softness“ (lack of softpower and alternative ways of organizing society).

…, the gains created during China‘s extraordinary rise were of an altogether different order of magnitude compared to those of Japan and the United States during their economic take-offs.