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State Capitalism is what Trump is implementing lately...and gunboat diplomacy.

He is copying Chinas State Capitalism to try and respond to the challenge Chinas State Capitalism poses to US hegemony.

US military are crippled for at least a decade by their loss of supply of refined rare earths crucial to the production of most modern high tech military equipment.

China won the trade war and its domination of multiple supply chains has multiple economic, military and power projection implications.

The kidnapping of Venezuela president is partly aimed at preserving the appearance of military competence and capacity where in reality it is severely eroded.

The war in Ukraine continues to deplete US war materiel supplies to dangerously low levels and they cannot be rebuilt without Chinas resumption of supply or an incredibly expensive decades long process of building alternative supplies and substitutes.