Relying too much on free-market competition is what is causing the west to stagnate. Left on their own, markets will produce monopolies and won't invest in expe

Relying too much on free-market competition is what is causing the west to stagnate. Left on their own, markets will produce monopolies and won't invest in expensive and risky basic research, or really anything of value where that value can't be captured by a single profit seeking entity. China is using free markets more as a tool when it makes sense and not treating it as an intrinsic value like the west has been. China has used subsidies and carefully controls that no businesses get to a monopoly position, which allows markets to function more efficiently and directs their power to things that make sense for the nation as a whole instead of just a single company or industry.