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By many metrics and anecdotal evidence it already is.
They literally own the means of production.
Time to learn Mandarin
They’re not spilling treasure fighting another country’s wars.
They’re not ruining their economy by fighting what makes them great or their people healthy. They have their grift and corruption more under control. They’re not cutting back on investments for their future in favor of investments for their past. They have the attention span to commit to a plan for more than four years at a time.