Mfs seem to have forgotten that Chinese GDP PPP is already higher than the US
Hilarious because I'm reading "The Long Twentieth Century" which basically argues that there is a cycle of which power leads the capitalist world before being replaced by another capitalist power. Each power (Genoa, Netherlands, Great Britain, USA) began with an expansion of commercial and commodity production, which then reaches the limit of profits, before turning all excess capital towards financial expansion. Each financial expansion makes the capitalist class incredibly rich and prolongs their dominance, but sews the seeds for their end. It's during this financial expansion that the next capitalist power starts their commercial expansion and becomes "the world's factory."
The author shows that America's financial turn was during the late 70s and especially 80s. He doesn't draw this conclusion, but it's clear to me that China is the current capitalist power that's taken over the commercial role in shipping and manufacturing. Even though I think China is an AES, they still have a capitalist economy.
We always joke that the commies in China do capitalism better than capitalists, but it's demonstrably true. America has dominance right now due to financial networks, but that arrangement won't last much longer with the material dominance of the Chinese economy.