> The free market approach is to remove barriers to trade and let things develop as they may.
And the events of the last 30-40 years have shown why this is a beyond foolish approach. The 47th and MAGA didn't rise out of nothing, they rose out of the economic devastation brought upon by completely unchecked turbo-capitalism.
Conversely the Chinese government has split their economy into 50% privately owned and 50% state owned, which has fueled decades of rapid and consistent economic growth, so much so that the current administration now views China as our primary strategic and economic rival.
And the events of the last 30-40 years have shown why this is a beyond foolish approach. The 47th and MAGA didn't rise out of nothing, they rose out of the economic devastation brought upon by completely unchecked turbo-capitalism.