The Koreans realize this; the Chinese realize this; it's only the American punditocracy that just doesn't get it. There are a few reasons why they don't get it: first, because intellectuals tend to think that the future is merely an extension of the past, only more so.
Fascinated, intimidated, and one might almost say hypnotized by power, the intellectuals and the political class are hampered by their subjectivism, which was all too accurately diagnosed by George Orwell in his "Second Thoughts on James Burnham":
"It will be seen that at each point Burnham is predicting a continuation of the thing that is happening. Now the tendency to do this is not simply a bad habit, like inaccuracy or exaggeration, which one can correct by taking thought. It is a major mental disease, and its roots lie partly in cowardice and partly in the worship of power, which is not fully separable from cowardice.