China will become the world’s foremost economic power by 2028, according to projections. Rick Sanchez explains how, as a desperate geopolitical “Hail Mary,” the US is beginning to emulate China’s economic model in its bid to remain competitive in development and trade.
Specifically, the US is funding specific kinds of products and technology, such as semiconductor chips and electric vehicles. Will it work? And how does Washington’s push to catch up with Beijing complicate its criticisms of the very system has begun to adopt? Investigative journalist and “Boom Bust” co-host Ben Swann and Prof. Richard Wolff, host of “Economic Update” help illuminate the question.
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