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If you say so.
All this chart shows is that China has a large population and Mao should have died sooner.
And this one?
How is it that Chinas mixed economy can build dozens of new nuclear power generation plants at 1/6th the cost USA pays while crony capitalist USA struggles to build one or two after decades of trying?
Is it because Mrs Trump works for Putin and Mr Trump works for big oil ?
Our country is half communist. The laws that ban construction of nuclear plants, which Trump is trying to repeal, were all pushed through by leftist central planners.
Central planning is always bad. The US has a bunch of central planning and it's just as bad when we do it.
When China builds a nuclear plant it's because the pyschos in the government got out of the way and allowed other people to build it.
The state is for building weapons and concentration camps. The market serves the welfare of the common people. Every country has to adopt capitalism in its own way, or end up like the PRC.
When a country like the PRC decides to invest in gaining a global stranglehold over rare earths and other strategic supply lines, and nearly all other rare earth refiners give up and stop production because China does it cheaper, then 'the free market' you worship blindly, has been played, and captured.
USA today cannot fight a war of any scale and duration because it lacks supply of rare earths. USA is unlikely to regain a meaningful quantity of independent rare earth supply for at least decade...and even then it will come at massive cost in terms of government subsidies that will need to be paid to gain such independent supply capacity.
China has gained the upper hand strategically by having a more focused and determined central government while USA has lost due to over reliance upon the free market.
A mixed economy, when managed diligently can be more effective than Laissez-faire.
An economy is not just an isolated market where individuals compete, but rather it exists in the global environment where government compete for commodities, markets, technology, human and monetary capital and, push come to shave, military strength.
Chinas mercantile mixed economy model has crippled US capitalism by dominating global trade and by gaining strategic monopoly over rare earths and other supply chains.
A mixed economy, when managed diligently can be more effective than Laissez-faire.
True Laissez-fair hasn't been tried until now so please stop using the US federal government as the ultimate example of capitalism. Every economy was mixed until Bitcoin. The state's monopoly on violence is over. Strategy won the trade war. No country can fight a war at scale without Bitcoin.
USA today cannot fight a war of any scale and duration because it lacks supply of rare earths.
The US can't fight a war because half the country would defect. The US is in decline because FDR was a socialist. The industrial revolution that made it capable of fighting a war in the first place was a capitalist movement.
The mixed economy combines the competition of capitalism with the strategic planning and power projection that only a government can both have a mandate for and can logically implement. True USA today is far from Laissez-faire but USA has never been Laissez-faire. USA always had tariffs and once had slavery. Today Trump is responding to the success of Chinas State Capitalism with the same because he knows the free markets will not deliver the rare earths that the US industrial combine needs to maintain the hegemony that US wealth has been built upon.
The mixed economy combines the competition of capitalism with the strategic planning and power projection that only a government can both have a mandate for and can logically implement.
What mandate? They can't capture an island less than half a percent the size of their territory. If warfare is how you measure success then do something.
Yeah keep yawning. It's only a 3x lead.