First, we do not know this, even the weather channel provides the odds of something happening alongside a reminder that future outcomes cannot be predicted with certainty. Second, they are fundamentally different:
American capitalism: Maximization of individual economic freedom and utility. The system is designed to facilitate capital accumulation, innovation, and consumer choice through decentralized decision-making. The individual (consumer, investor, entrepreneur) is the primary unit of analysis which in turn is often a source of criticism due to the individualist nature of the social doctrine. The “invisible arbitrator (state)” of the market is trusted to aggregate individual choices into the best possible social outcomes but as seen recently, this trust has no incentive and can be taken advantage of leading to internal corruption and instance of accumulation of powers. Process is paramount: free choice, free competition, and profit motive are both the means and the implicit ends. It was also a direct response by John Locke to the issues caused by mercantilism and was created in the 1689 if I remember correctly.
Chinese socialism: National rejuvenation and the perpetuation of the ruling party’s governance (let us remember that this is a country that is still less than 100 years old). Economic development is a critical tool for ensuring state sovereignty, social stability, and the legitimacy of the Peoples republic of China, which in turn is governed by a marxist-leninist influenced communist party. The economy is a subsystem of the state, not a separate sphere. It draws from Confucian traditions of a meritocratic, guiding state (similar to marx’s conclusion “From each according to his ability to each according to his needs” on the flaws of the 19th century german socialist democracy present in his last volume, Kritik Des Gothaer Programs). The collective (nation, party, society) is the primary unit of analysis. Economic growth is a means to power, stability, and civilizational restoration. The system is teleological oriented toward a specific end-state (a “modern socialist,” strong nation, correcting the post-modern false narrative that communism does not work which is a complete generalization and misdirected association on why certain states failed, yet cuba remains and has been for over a century even with the american embargo still being present). Efficiency matters, but only insofar as it serves the ultimate political goals.
The competition between them is not just economic so we can be clear; it is a competition between two fundamentally different logics of social organization: one rooted in individual autonomy and decentralized choice, the other in collective goals and centralized coordination. The 21st century will be a live test of their relative performance and resilience and I think of it as amazing that we get front row seats to see this.
The only person who benefits from choosing to pursue truth than eat up propagandized unsourced theories is the self. I’ve taken some time to put pretty simple and evident, verifiable information right up there, if you wish to ignore it, you’re the only one affected by it, I win nothing else than the pleasure of sharing and explaining information that I think is representative of things as they exist in our world.
I have chosen the path of academic information such as books and papers to back up my beliefs, and not of oversimplified information with no source. Do you really believe that world politics and diplomatical relationships of the biggest superpowers layered on top of an information war that spans more than a century opposing the colonial post-colonial western states to the anti-colonial and anti-imperial global south can really be summed up to “It’s pretty obvious what has happened really”? It almost sound like satire when I read it again.