Yes, there are obstacles and difficulties.
But they can be overcome, by a willingness to do the right things. For ex. China had nothing along the lines of a modern economy. Their economy 40 years ago, in many ways was the same economy from 1,000 years ago. But the Chinese government started doing the right things, economically speaking and now they have all the technological companies. Because China has gone too cheap, it will probably come back to haunt them at some point, due to a degraded environment and such.
Things can get turned around in the States as well, but the first step is to get government out of the way.
That's a key point.
China was backward, a few decades ago, living like they did 1000 years ago. Now they make most of things we use including smart phones , computers and have all the technology,rising middle class etc. China did it by stealing the U.S. technology and stealing the U.S. market. Why do we keep allowing this? We could still turn the tables on China and so grow like they did. We have to stop what they are doing to us, and the only way is to restrict things coming in from china.let's say the U.S. bans import of cell phones. You know then companies will have to build factories here ( like Japan did for Toyota etc) .And that will bring jobs, technology , manufacturing ability back to the U.S.. China is destroying the U.S.
here is proof of the U.S. decline .
U.S. lost at least 15 million jobs in the last 10 years due to China.We have no jobs just welfare , and debt.