That's the whole point.
China offers a better deal.
Full stop. Unless the Americans can somehow offer a better deal, then the current situation will persist into future, diminishing American influence a little bit more each year as we go along.
As we can see currently, the Americans have no capacity to offer a better deal, so it resorts to coercion to its allies and negative campaigning against China (stories of fake genocide).
Just my opinion but this does not have a chance.
The stories of fake genocide, does that stop America from doing business with the Chinese?
Yes? No?
Why would anyone else be any different?
Unless we think Australia or corrupt UK politicians are the center of the world.
Someone is being played. It ain't the Chinese.
Peter Zeihan said it fairly directly in his talks, America bribed together an alliance system to fight the cold war.
The world had 2 isolated camps, American led and Soviet led systems. Europe and Japan were the only non American or Soviet industrial regions and were devastated by WW2. America provided an attractive offer for these countries, a stable international trading system to prosper in. The exchange was economics for geopolitical patronage.
US used to account for roughly half of global gdp right after ww2, now down to a quarter. As America's market power experiences a relative decline, negotiating power also declines. Instead of carrots, the stick is used more often as a policy tool.
Traditional American allies are reluctant to participate in this new cold war as the benefits seen in the previous confrontation are less apparent now. We are seeing America using stalling tactics like media manipulation and disruption of the international system to both slow down progress of competitors and make other nations understand America is the kingpin to the international system (SWIFT, world police, strategic technologies). All this before China becomes much harder to deal with.
