Does capitalism have a national strategy? No. Successful capitalism means customer satisfaction, max quality at a competitive cost. Once a competitor has found a cost advantage, the other competitors must adapt or adopt, or they die.
If you look at 60 years of inflation history, you will find that inflation means too many dollars chasing too few goods. In the 70's we were the world's manufacturing center, which brought in tons of the worlds' currencies for our products, and inflation went out of control. Then the crook went to china to open it for US goods, and it backfired, China saw the opportunity to become the world's dominate manufacturer with its centralized planning and authoritarian government. So the next 40 years that was there goal, no matter how they could get there.
No centralized strategy means everyone can choose their own, so review the rules of capitalism above. Also, from friends who lived in the Soviet Union, under communism/authoritarian governments, one fears the government. Under democracy and freedom, you fear each other.
The capitalistic strategy of the US is the customer/consumer comes first, and they are the prize to capture, and when everything becomes a commodity, meaning very little pricing power, cost cutting is the only way to increase profitability. or you go out of business.
So that's my explanation, having watched it and looked at the data over those last 50 years. Others may disagree, but I use the data and economic theory from experience to understand.
sportsguy
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