Agreed, but on other dimensions China is still 150 years behind the West. It’s important to keep this progress in perspective.

For some of us, it mimics late 19th century europe where the rate of innovation perhaps was only matched by the lack of regard for cost, safety or need.

I think we are closer to seeing the Chinese Hindenburg than Arpanet or Moon voyage or some other bewildering humanity joining initiative.

Its inarguable that the industrial revolution brought tons of wealth quickly to the UK. But one, having past it all, has to wonder if the child work force, insanely cramped victorian houses, constant deaths due to smog, polluted water etc could not have been entirely avoided by reducing "innovation" speed.

Is the existing suffering of the Chinese system worth the economic growth? For its own middle class, the answer is probably yes. But systemic conditions like limiting the universities places to top 30% students, means you have a permanent underclass that cannot join the white collar jobs.

Is that required to have a cheap, hardworking manufacturing and construction industries? Maybe. But reinventing a class system that has a few steps removed from slavery as an "economic miracle" and "neck breaking speed innovation" feels a bit icky when they could take 5 years longer and treat people better.

We are arguably close to post scarcity, and instead of building post-capitalism instruments (like libraries could be imagined as), we are just perfecting the economic conditions of capitalism which require an inordinate amount of cheap labour and state violence.

Billionaires are building bunkers instead of museums, they can see the end game of this system they benefit from and its not a good one. Like I can't understand whats the point of winning "the economy" if we end up in a post nuclear hellscape of ecological collapse, but number must go up I have been told.

You've said a bunch of things that don't really equate to "China already won".

> China understands better how the economy works,

Many people avoid Chinese stocks like the plague because the system is still half communist and as a foreign investor you get some paper in a company on Cayman Island instead of real direct ownership. That keeps me from buying their stocks and I'm not the only one.

Every single point you've made is either straight up untrue or comes with caveats. I hate to quote Trump but, in light of Brandolini's law: "Wrong."

And many of those products are not only good they're becoming good in ways nowhere else can do.

The USA is repeatedly punching itself in the face over and over though, so it's not a fair fight.