Effective government economic policy should focus on creating infrastructure, rule of law, and a supportive environment for entrepreneurs and innovators to develop businesses, rather than directly controlling or restricting market activities.
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šØWhile America still debates pronouns and prints trillions, China keeps building factories, ports.Hinzugefügt:
Then this is why I joke about, and I start to think that the US is much more communist than a country like China, where in fact the government has created the infrastructure for companies to prosper.
It's created its own rule of law and its own uh I would say justice system. And entrepreneur in China know the rules, they play by the rules, and they are allowed to grow their business. In the US, I would think that over the past decade, the rule of law has clearly been threatened because it has been hijacked by government, would it be red or blue.
The infrastructure, we all know, are not there to create the good environment for companies to prosper and to grow. So, I would still think that the big issue in the US, and we need to go back to this, is that the government should go back to its basic roles, which are creating an environment where entrepreneur and innovator can develop their business.
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