The U.S. faces a national security risk due to adherence to neoliberal economics, falling behind China in technology like 5G. The CSET's 2021 report highlights Huawei's dominance, facilitated by China's strategic long-term investments. Meanwhile, America's fixation on free-market competition has weakened its global stance, allowing China to advance towards superpower status without adhering to neoliberal dogma. This reflects a catastrophic misallocation of resources, contrary to capitalism's claim of efficient resource distribution, and exacerbates issues such as climate change and economic inequality.
