Macroscope: The Irony of Western Economies Criticizing China while Adopting its State Capitalism Strategies

Macroscope | The West owes China a debt of gratitude for sparking its economic growth

Rather than showing appreciation, the US and Europe are critiquing China, all while integrating features of Chinese state capitalism into their own economies.

For a long time, the US, known for its private capitalism and open markets, has now recognized that solely relying on private businesses is insufficient for directing large-scale economic growth. It is now clear that government policy plays a crucial role in achieving a balanced economic progress.