Because China is starting from a position of weakness and catching up, it is by definition easier for them to find high ROI projects to spend money on. Just wait 10–20 years when China is thoroughly technically ahead of us, and Chinese companies will be more like American ones.
China is massively investing in the entire energy generation sector, renewables, advanced nuclear, batteries, EVs, full self driving. This is the future we were supposed to be investing in, but we’re losing it. Maybe we got some share buybacks instead.
The share buybacks enable and encourage investors to move their money to invest in other things for the future. That's usually a better idea than e.g. Intel, who know nothing about other wind farms, building their own.
My concern is that America will become a sprawling no man’s land as the economy contracts to 20 percent of its present size. Rapid collapse is unpredictable and seems like a bad idea for a country with such a huge military presence.
Rapid collapse is indeed unpredictable, and always bad; but the military is heavily dependent on the economy, so it starting huge probably won't make a huge difference.
Especially if the US happens to do the collapsing at around the same time the rest of the globe moves away from oil etc., given how dependent the existing military equipment stockpiles are on petrochemicals.
