Why China is taking over

in two important spheres. As Wray put it, "In economic and technical terms [China] is already a peer competitor of the United States … in a very different kind of [globalized] world." In other words, China is rising and the US is falling. Don't just blame Trump and his cronies for that, however, as this moment has been a long time coming.

Facts speak for themselves. Nearly unscathed by the 2008-09 global recession, China displaced Japan as the world's second-largest economy in August 2010. In