Governments Struggle to Balance Market and State Control, Impacting Millions
The article compares how China and the U.S. have balanced market and government involvement in their economies. Both countries face challenges when choosing between market and government control. The U.S. government has shifted from big to small since the 1970s, showing a changing balance between market and government influence. China has also undergone reforms since the 1990s that reflect this choice. The comparison of these two countries' approaches can help inform future policies.