By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. An elevated pedestrian crossing as seen from a supertall skycraper in the Lujiazui business district in Shanghai, China on April 4, 2026./VCG Editor's note: Ankit Prasad is a biz commentator. The article reflects the author's views and not necessarily those of CGTN. What should be the economic policy of a nation in the 21st century? Should it be based on extortion, coercion, bullying and post-imperial rent-collection? Or should it be based on innovation, scientific & technological progress, holistic development and the common good? One would think the answer would be obvious — but these days the correct answer needn't always be the one that's most acceptable. Certainly, the administration of the world's largest economy appears to err on the side of extortion. Since the start of 2025 a beguiling set of policy imperatives have flowed ceaselessly from the White House, all of which appear to champion a model where the government also directly participates in earning revenues and driving GDP, by hook or crook.
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