For the past several years, China’s economy has boomed while the U.S. still struggles to recover from the 2008 financial crisis. Many economists have suggested that China is the model we should be following in order jump start our economic fortunes. But Veracruz founder and CNBC contributor Steve Cortes says that thinking is very wrong. Cortes tells us why he sees the Chinese economic bubble bursting before long and explains the inherent flaws in the Chinese system. He also discusses why the “experts” are not backed up by the actions of the wealthy Chinese and the immigration patterns from around the world. Cortes explains why he thinks the U.S. system will remain superior but will need to guard against some of the worst traits of the Chinese system.