The US economy echoes free market principles rarely. Our recent Independence Day rhetoric showed our reverence for bygone economic and personal freedoms more myth than fact.
As the Chinese demonstrate, they spur growth within a capitalist framework by executing rogue entrepreneurs and corrupt officials. The leaders control economic events with the deft manipulation of the factors of production.
Western economic policy is left to the vagaries of the misinformed general public. Whatever lies they swallow will become law.
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