China has achieved what western thought and rhetoric has long written off as being impossible --- they have developed their own hybrid economic system that has broken western "free market" capitalism.
Internally, China is highly socialist. Technology and scientific knowhow is not horded but openly shared with all *Chinese* companies. This eliminates rampant infighting over "intellectual property" that wastes tons of resources in the west (patents, trade secrets, copyrights, lawsuits, etc.).
Externally, China is purely capitalist --- and shares very little while continuing to offer products and services at prices the west can't match. By western thinking, this should not be possible due to the "obvious" inefficiency of their evil socialist system.
Tariffs on all things Chinese is a non-free market (aka "socialist") defensive measure that is effectively an admission of defeat.
Time to wake up and smell the coffee.
China has achieved what western thought and rhetoric has long written off as being impossible --- they have developed their own hybrid economic system that has broken western "free market" capitalism.
Internally, China is highly socialist. Technology and scientific knowhow is not horded but openly shared with all *Chinese* companies. This eliminates rampant infighting over "intellectual property" that wastes tons of resources in the west (patents, trade secrets, copyrights, lawsuits, etc.).
Externally, China is purely capitalist --- and shares very little while continuing to offer products and services at prices the west can't match. By western thinking, this should not be possible due to the "obvious" inefficiency of their evil socialist system.
Tariffs on all things Chinese is a non-free market (aka "socialist") defensive measure that is effectively an admission of defeat.
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