You're going to get a lot of angry responses about how China can only accomplish what it does because it's an authoritarian regime and very bad, but you're actually correct. Historically, authoritarian countries are held back by their regimes, which means China is likely underperforming what it could accomplish if Xi Jinping Conservative Boomer Thought with Chinese Characteristics wasn't strangling everything.

The United States very much started trying to invest seriously for the future in the Biden years, and as it turns out, people associated that with consumer inflation and chucked it out in 2024 for another round of the Republican "wrecking crew" dismantling and demolishing the federal agencies that the USA has historically used to Get Stuff Done in the long term.

At this point it's hard to point to a major country or bloc that isn't shooting itself in the foot.