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Why?
Not lack of speed, knowledge, skills as well as corruption at the top? For a single citizen, deteriorating social systems is a risk, but that is a symptom of lower profits for the products we sell internationally.
EV, next gen phone networks, ...
Could as well be the same or worse in the EU. Von der Leyen's messages with Pfizer, it's at the top.
China is a communist country and can nationalize everything. How about the West where retirement plans depend on the value of houses?
As long as the US does not start a nuclear war against China, the danger is in the EU. If the world buys Chinese cars, chemicals and machines, how will the EU make money?
That's secondary. At first it's the collapse of margins if there is competition. If the West builds a mine and can take 90% as compensation, that differs from taking 10%.
We always need raw materials and we have to buy them with profits from products that have to compete with Chinese products.
How about an elite for which goodness is not lip service and a population that doesn't close its eyes?
Not cheapest but best deal for a price range. That's difficult, especially with our energy dependency and limited software capabilities.