Western elites, in their finacialized thought framework, think that the can replicate this with a few tariffs, subsidies and "targeted taxation". They still believe that China's success is due to cheating, IP "theft" and cheap labor.
The hangover will be really bad when it turns out that an industrial base and a highly educated middle class doesn't fall from trees.
If there won't be a radial change in course we'll end up living in an open air, human cattle consumption zoo with nice looking castles and no agency and dignity.
The time when we were able to afford an incompetent ruling class, nanny states and could delegate responsibilities to huge, centralized bureaucracies is over.
The change starts with #Bitcoin and individual financial sovereignty.