US media: The Trump administration is trying to restructure American capitalism into a model similar to China's, which emphasizes government control and ownership of the private sector.
The advantages of the US economy lie in innovation, a large market, and stable legal rules. Recent measures by the Trump administration, such as promoting a "golden share" arrangement in the Japan-US steel merger, government investment in Intel, and using tariffs as a political tool, have blurred the lines between private enterprises and state ownership, replacing competitive discipline and market-driven innovation with political thinking.
This could ultimately lead to the decline of the US economy.
Original article: www.toutiao.com/article/1843068890053636/
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