6min chapter

Geopolitical Economy Report cover image

Tech CEOs admit they want AI monopoly: US plans to block China's competition & 'steal' engineers

Geopolitical Economy Report

CHAPTER

Competition vs. Monopolies: The Economic Clash Between Socialism and Capitalism

This chapter explores the economic tensions between capitalism and socialism, highlighting the impact of automation on labor and profits through a Marxist lens. It contrasts the competitive nature of China's socialist market economy with the monopolistic practices in U.S. capitalism, while discussing the implications of government actions in response to China's technological advancements.

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