If the US Wants to Beat China, Why Is It Copying China’s Socialism?

Source: Ludwig von Mises Institute
by Mihai Macovei

“Under the Biden administration the US continued escalating the economic and geopolitical frictions with China. At the recent G7 Summit in Carbis Bay, President Biden sought to rally a ‘united front’ against China with traditional G7 allies and new ones such as Australia, India, South Korea, and South Africa and rebuked China on economic policies, human rights, and tensions in the East and South China Seas. The US also persuaded its G7 allies to back a massive infrastructure support package for developing countries. The so-called Build Back Better World Partnership (B3W) is a de facto rival to China’s Belt and Road Initiative (BRI). But it is far from obvious what the West stands to gain by emulating China’s exorbitant and highly controversial modern ‘Silk Road’ venture.” (07/12/21)

https://mises.org/wire/if-us-wants-beat-china-why-it-copying-chinas-socialism