A brief comparison of China's much decried state capitalism and that of the USA

China's key industries are state run. They represent 54% of China's biggest 500 companies but contribute 85% of the tax revenue from these companies. China's public sector represents 25% of 1/13

its economy but contributes 60% of China's state treasury. They are the veritable cash cows of the government but the cows are milked for the public welfare.

The tax burden of a Chinese state company is 2.5 times that of a private company. 2/13

Whatever advantage it has purported to have gained from the government is paid back manifold to the government and the people.

The beneficiary of the state economy is the overall Chinese people. They are truly companies run for the public good and in the public interest. 3/13

The economists' objections to a state company is that profitability not being the end game, it's usually bad managed and absorbs huge public resources. Like many economic theories, this doesn't apply to China. In China, the situation is the opposite. State companies 4/13

are well run and extremely competitive at home and abroad. If a partial state economy can palliate the inadequacies not to say wrongs of a thoroughly capitalist economy, why shouldn't China or any country adopt it? Why is the US/WEST so against it? The western accusation is 5/13

that it tempers with international competition, but all countries practice some sort of state economy, with the US state capitalism being the most aggressive in the killing of foreign competition for US companies.

This being said, the US state capitalism is not in the 6/13

service of the American people, not in the interest of public good. It serves its murderous ruling elite.

1/The US military-industrial complex is the biggest state economy ever of all countries. To boost this sector, the US doesn't hesitate to create one war after another
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& to maintain the world in a perpetual state of conflict and chaos in order to maintain demand for arms.

2/The US government has given 100s of billions of $ to Wall Street banks, GM, Boeing etc to save them from bankruptcy. These badly run corrupt companies are thus kept 8/13

afloat at taxpayers' money without corresponding payback to the American people.

3/US has always used its military, government intelligence & law to wage economic warfares on the powerful foreign competitors. When USSR collapsed, the vast cohort of CIA spies converted to 9/13

industrial spying and destabilization.

Before, targets of the US economic warfare were big European companies, now it has shifted to China pivot, aiming to destroy all Chinese companies posing a threat to the US economic hegemony. 10/13

It outlawed Huawei, went further to forbid all countries to do business with the latter. Seeing Huawei still alive and well despite draconian sanctions, US deployed state terrorism and caused Huawei CFO to be kidnapped to serve as a psychological intimidation. 11/13

Unable to make a significant dent to harm China's economy, now the US rachets up its economic warfare arsenal and overtly resorts to confiscatory expropriation of a Chinese company, notably Tiktok.

Talking about using the state power to destroy competition, nobody does it 12/13

more flagrantly shamelessly than US. As a hegemony, its misdeeds go unpunished & hardly called out by Western MSM.

As always, US projects its own crimes onto China by accusing latter of destroying int'l economic order which is exactly what it's been doing on a large scale.
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