These changes are mostly due to big cycle forces. The most joyous and productive environments are ones that have freedom, civility, and creativity, and ones in which people can make their dreams into great realities with prosperity that is shared by most people. This happened in China from around 1980 until around five years ago. It is quite typical for such booms to produce debt bubbles and big wealth gaps that lead the booms to turn into bubbles that turn into busts. That happened in China at the same time as the global great power conflict intensified, so China is now in the post-bubble and great power conflict part of the Big Cycle that is driven by the five big forces that have changed the mood and the environment.
In this piece, I will first describe in brief how the Big Cycle has transpired over roughly the past century, and then I will explain the current picture of what is happening today, with a focus on the challenges that China is facing.
