> China just hasn't calcified yet
aye. the old elite of China were overthrown by the communists, whose (that is, Mao's) decisions starved most of the country, followed by the insanity of the cultural revolution.
the new technocratic leadership is just that -- new. really only started happening in the 1980s and 90s.
the US is falling apart due to the entrenched hyperwealthy seeing more and more rents. China's hyperwealthy are all new money and are not entrenched yet, not the way groups like Ford or Boeing or Goldman Sachs are. But soon they will be, and soon the CCP will start prioritizing their needs