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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The U.S. is facing concerns over Chinese overcapacity flooding the market with cheap imports, leading to a shift where politics influence business decisions. This trend, termed 'state capitalism,' is seen as a move away from traditional capitalism towards a model where national security and political priorities take precedence.
Wall Street Journal writers believe the US now has Chinese-style state capitalism as the state increasingly dominates the free market in the name of national interests.
An Alternative to Doing Nothing about Foreign Subsidies | @veroderugy https://t.co/MhZTMTyLDp
In a nutshell this is why the USG has struggled to turn the ship of state to meet China’s relentlessly hostile behaviors - some of our richest Americans and corporations are in Beijing’s corner, not America’s Basically a political problem of oligarchs https://t.co/qfUKpRztkJ
