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There is no danger of China truly freeing its economy and thus really rivaling America's more market-based system.
Global EconomyGold Standard
A major catalyst behind the collapse of the Bretton Woods system was the loose monetary policies of the US central bank, which pushed the price of gold in the gold market above the official $35 per ounce.
If a currency can't be converted on demand into the underlying commodity, it's not "backed" by that commodity.
Global EconomyProtectionism and Free TradeU.S. Economy
What America is facing are the illogical trade policies of an economically illiterate president in the White House.
Booms and BustsThe FedGlobal EconomyBusiness CyclesPrices
Here are two ways to gauge the strength of the world economy.
Decentralization and SecessionGlobal Economy
Global EconomyPolitical Theory
Decentralization and SecessionGlobal EconomyWorld History
Swiss WatchGlobal EconomyMoney and Banks