Opinion | Trump Is Copying China. That’s a Terrible Idea.

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By Seth Levine and Elizabeth MacBride

Mr. Levine is a venture capitalist, and Ms. MacBride is a financial journalist.

Whether Americans realize it or not, the Trump administration is trying to engineer a radical reconstruction of capitalism in the United States. The new model looks more like China’s, which allows private-sector development but emphasizes government ownership and control. Various academics and politicians — many of whom have never run a business — are arguing that this is a wise model.

It is not.