The Biden Administration's Policies Mark a Shift in the US System of Capitalism

John Avlon: Biden's policies don't mark a shift in the US system of capitalism as we should properly understand it. He says there'd been moments when private capital has been much more in the driving seat that it currently is. Avlon: The escalation of protection is a securitization, the focus on security issues over all other concerns in dealings with China. "It's hard to think of any moment in the last 110 years since the advent of the Chinese Republic"