First a piece of Irish wisdom: you should always listen to a bookie. For they have a saying, 'Money tells a good story,' and somewhere in their odds is a kind of science-fiction existentialism that decrees that we, the people, know everything. In other words, betting patterns often make for good, unconscious soothsaying.
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Our ascendancy of the past two centuries - first Europe and then the U.S. - has bred a western-centric mentality: the West is the fount of all wisdom. We think of ourselves as open-minded, but our sense of superiority has closed our minds. We never entertained the idea that China could surpass the U.S.
