Food Riots
I would say that the George W. Bush administration advanced the U.S.-China superpower handoff by a decade, and that a four year Trump administration in advancing it by another decade. And if Trump wins reelection? The U.S.-China superpower handoff will then be here by the late 2020s: Alan Murray: China Takes Lead in Fortune Global 500: "The new Fortune Global 500 list goes live this morning, and marks an important world power transition. The number of companies on the list based in China, including the 10 in Taiwan, reached a record 129—exceeding for the first time the number of companies based in the U.S. (121). The Fortune Global 500 ranks companies on size, and of course, size is not everything. Many of the largest Chinese companies are state-owned enterprises which owe their heft to government-supported monopolies in the world’s most populous market, and aren’t necessarily the world’s most dynamic companies. Nevertheless, the list signals a significant global power shift. Ten years ago, there were only 43 Chinese companies on the list. Twenty years ago, there were just eight. And a boatload of fast-growing private Chinese companies are rapidly working their way up the ranks...
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