In particular, 'bigness' alone reduces innovation and can cause misaligned incentives. However, 'bigness' in addition to an outsourced supply chain means the misaligned incentives are allowed to be that much stronger -- now, not only is the US economy less innovative than it otherwise would be, it has also enabled a feedback loop that would not necessarily act in its best interests.
Does said entity necessary need to be a foreign country or even a foreign entity? No. However, as "the entity that has captured critical components relevant to the US manufacturing supply chain", China is a nice example of an "entity with bigness" and one with some explicit misaligned incentives (at least, in terms of certain cultural values), so it illustrates the point more directly than some other examples.
Is criticism of China subject to dismissals of "anti-China tone" when it describes what's happening?
- healthcare
This high degree of concentration has been building for years. A study published in the American Economics Review in 2012 found that the share of U.S. communities in which health insurance markets had become “highly concentrated” (using the standard deployed by Federal anti-trust regulators) increased from 68 in 1998 to 99 percent in 2006. The same study concluded that this increase in concentration had caused a seven percentage point increase in premiums over the period.
- telco
https://www.groundedreason.com/does-the-u-s-have-a-broadband...
The actual list is long. There are 2 more obvious examples.
I think it's pretty clear that the current absolute dictatorship in China is not even on the same level of bad as the current US system, orange warts and all.
Maybe ask Hong Kong. If they had to be ruled by China or the US, which would they choose?
the hong konger would choose neither of course.