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Opinion

Capitalism versus capitalism

US should encourage market forces in China rather than battle the power of the state

| North America
Missing in the popular debate about the U.S.-China trade conflict is the deep philosophical difference between Western and Asian capitalist models.   © Reuters

Popular wisdom says that escalating trade tensions between the U.S. and China are driven by sheer national interest. But what is lost in this debate is a profound philosophical cleavage between East and West. Viewed from this angle, current trade conflicts are about more than tariffs, but a clash between Western and Asian capitalist models.

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