Kinda funny that Capitalism beat Communism back in the 80s but today it is a Communist country telling the Capitalists to sort their houses out. Ooo the irony.
China has called America short-sighted & demanded the United States address its structural debt problems. Things must be in a bad way when the US is now being lectured by China, arguably one of the most corrupt countries on the planet. Seems to me that the Chinese have played a blinder over the past decade or so, keeping quiet while the Westsern Governments, bankers and financial houses have led us down the path of its own decline.
It even, quite sneakily, helped by lending the US the money to do it so American citizens were up to their eyeballs in debt and waited for the whole thing to implode, as it has.
Now they move in and suggest a new reserve currency.
China may yet overthrow the US and do it without a shot being fired. It just gave America enough rope and it did the rest itself. It obviously already runs the World economy now and it isn't America who, bankrupt and careering downhill fast, are today's USSR of the late 80's early 90's.
You had from 1989 to 2011 when you were the unchallenged World leaders, but the worst aspect of Capitalism, greed, has bled you dry.
Now it looks as though China will usurp America but before those who will inevitably be cheering Americas decline, do they really think China will be any better? They will be just as two faced with their friendly dictators, just as ready to fight amoral wars and just as quick to build up their friends and demonise their enemies as America.
The World could be a very different place in a decades time and the side that lost in the 80s and early 90's, could become the eventual winners. Sneaky guys those Commies.