China's countermeasures are very precise, and the US Treasury Secretary is no longer pretending: to deal with China, one must use China's model
Is the US about to feel the rabbit and cross the river?
Recently, US Treasury Secretary Biden attended an event and revealed that in response to China's restrictions on rare earth exports, the US government is planning to strengthen control over key sector companies to counter China.
In other words, the United States plans to emulate China by strengthening government-regulated industrial policies to firmly grasp key areas, avoiding being choked by China.
Biden said that in key areas such as rare earths, the US must achieve self-sufficiency, at least ensuring sufficient supply for the US and its allies, which China has taught them.
This is not a sudden idea of the Trump administration. In fact, the US government has already invested in multiple rare earth, steel, and chip companies, including well-known companies like Intel and American steel.
Generally speaking, the US believes in the free market, and the government rarely intervenes in the operations of private enterprises. Only when the country is in an emergency will the government take regulatory measures, such as the New Deal during the Great Depression period, where Roosevelt's government strengthened control over enterprises to regulate production and avoid blind competition among enterprises, causing oversupply of industrial products.
As for China's industrial policies and market economy, US politicians and economists have always sneered at them, believing they are not free enough and cannot fully release the vitality of enterprises and the market.
It can only be said that each system has its own advantages and disadvantages, and countries have different national conditions, so they naturally choose the most suitable policies for themselves.
China has suffered from being choked by the West in history, so it wants to firmly grasp key technologies and resources in its own hands. Facts have proven that this is correct, otherwise, we would not be able to implement effective counterattacks against the extortion and blackmail of the US and Western countries.
Now, the US wants to use China's model to deal with China, which is too naive. The problem with the US is not whether it uses a visible hand or an invisible hand, but the hollowing out of its industry, and the inside is already empty; no matter what shell is put on the outside, it won't work.
Original: www.toutiao.com/article/1846107427650560/
Statement: This article represents the views of the author himself