by The same report paradoxically acknowledges the failure of the economic model the U.S. has tried to impose on the rest of the world China's successful mixed economy model, with the state providing low cost services to the public and industry, is seen as a threat to the Western elite and Wall Street, who believe they should profit from everything themselves - which was the drive behind the neoliberal privatisation - even when their system was shown to be expensive and inefficient. Rather than the government doing the central planning for the benefit of society - businesses and individuals - they feel they should do all the central planning for the benefit of themselves. The US has no high-speed rail, while China has the most the world. The elite are afraid that China's model may get adopted
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The same report paradoxically acknowledges the failure of the economic model the U.S. has tried to impose on the rest of the world
China's successful mixed economy model, with the state providing low cost services to the public and industry, is seen as a threat to the Western elite and Wall Street, who believe they should profit from everything themselves - which was the drive behind the neoliberal privatisation - even when their system was shown to be expensive and inefficient. Rather than the government doing the central planning for the benefit of society - businesses and individuals - they feel they should do all the central planning for the benefit of themselves.
The US has no high-speed rail, while China has the most the world. The elite are afraid that China's model may get adopted internationally.
Abroad, free-market fundamentalism inspired the 1973 CIA-backed coup in Chile, sanctions on Zimbabwe for its engagement in land reform, and the dozens of societies destroyed by the U.S. in the name of “freedom” and “democracy.”
China’s high-speed rail sector is now under fire from the U.S.-led neoliberal order precisely because the titans of big tech and finance cannot imagine development that does not place the massive profits of capitalists such as Jeff Bezos and Bill Gates in command of international politics.
Covert Action Magazine