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US can't compete with China's technology, so it wages economic war
Geopolitical Economy Report
State-Led Development: A Path to Economic Superiority
Both Japan and China demonstrate that state-led industrial policies can effectively drive economic growth and technological advancement. In the 1980s, Japan employed state capitalism to achieve significant industrial and technological development, countering fears of becoming an economic superpower. This approach is articulated in Chalmers Johnson's research, which highlights the role of Japan's Ministry of International Trade and Industry in orchestrating this economic transformation. The underlying lesson is that well-structured industrial policies, whether in a socialist or capitalist context, can elevate a nation’s position in the global economy.
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