At least Chinese state capitalism benefits Chinese people.
I am starting to hear this sentiment a lot, even from some Conservative circles, that we should emulate China.
Don’t be fooled.
I’m not.
But the question is - if foreign state capitalists are allowed to compete in the same markets, then who wins?
China has obliterated American competition all over the map, and will continue to do so as long as we let them.
Trumpy Bear was hip to that. Definitely did a lot about it and still is - but of course only to the extent that Pope Roberts will allow him to. Gotta make sure the Gringos don’t win, right Johnny?!
There are lots of analyses - usually out of CATO or other free market fundamentalists - showing that Chinese interference in their own markets actually benefits us. But they never seem to address long term loss of industry because of it. Think it’s really obvious that Chinese fascism - er, “state capitalism” - worked really well for them - cue the pic of Shenzen in 1980 and then in 2025.
The rules of international “trade” needs to exclude the use of government ringers playing on the field.