Earlier quoted context omitted.
The US economy was not built on a free-market. US private capitalists have been built on a free market; now that their profits are under attack because they are being outcompeted by China, so they are running away with the ball. American economy real growth, where most white Americans gained wealth, came after World War II, where it was government led and controlled. It was the same for Europe, where they had to rebu…
>>Chinese economic model of government-controlled economic direction, though not perfect, would work better and help all the world's people rather than the select few Is it better? For some reason average European lives better then Chinese, inequality is also not so huge
The US reconstructed Europe after WW2 using its own funds mostly and has subsidized its defense spending for the past 80 years and counting.
Europe also has enormous amounts of resource wealth expropriated from its many colonies around the world, plus significant ownership stakes in resource supply chains in those countries that persists to this day. Every single Russian oligarch, plus dictators in Asia and Africa have stashed their wealth in European banks.