That's valid. Maybe it comes down to a matter of interpretation. If the global economy evens out, that would result in non-western economies growing and absorbing parts of western ones, which could be seen as either overtaking them or as just the natural process of globalization

scottathan

I guess what I was thinking about is how there's always some rising economy that's going to overtake the western economies and they always come up short because they were even more distorted.

However culturally homogeneous the world is becoming, there still seems to be a real divide in how functional markets are around the world.

Undisciplined

Meta Econ Takeover Day 25

What seems more likely is that our economy becomes so cosmopolitan that the idea of western economies becomes somehwat inconsistent with reality, as borders and nations become fuzzy. In such a scenario, there isn't really anything to dethrone, as we all just enter one massive global economy