I remember when Ben Shapiro had PM Stephen 'GOAT' Harper on, and he basically said, "We've made a fatal mistake with China. They are playing the long game and are going to beat us. At this point we have to figure out how to mitigate the loses". Shapiro basically just dismissed him and spouted some Randian pseudo-economic tripe about the 'freer the markets...' without any substance. It showed just how deluded both the left and right is when chasing quarterly profits over absolutely anything else.
Shapiro couldn't even bring himself to admit that the CCP might know what they are doing by building overcapicity in housing, with the famous ghost cities. Meanwhile, an entire generation of working class westerners are locked out of ever owning a home.
The hubris has still not sunk in. We were playing chess whilst they were playing go.