China uses Capitalism as a tool where the Party feels it would be beneficial (for the Party), and crushes it mercilessly when it gets in the way (other than this real estate problem they have right now).
In the U.S. we have mistaken Capitalism for a religion, and so it wags the dog, so to speak. Since our founding we have made some attempts at finding a balance between our use of the tools of Capitalism and socialism (in more the Democratic Socialism style, rather than the Communism style), and we had a good run in the decades after WWII. But starting with McCarthyism, and really picking up under Regan we have prided ourselves on adopting Capitalism as a religion, and it really shows up in both the income inequality as well as the increasing role of (and corrupting influence of) money in our politics/government.
In the U.S. we have mistaken Capitalism for a religion, and so it wags the dog, so to speak. Since our founding we have made some attempts at finding a balance between our use of the tools of Capitalism and socialism (in more the Democratic Socialism style, rather than the Communism style), and we had a good run in the decades after WWII. But starting with McCarthyism, and really picking up under Regan we have prided ourselves on adopting Capitalism as a religion, and it really shows up in both the income inequality as well as the increasing role of (and corrupting influence of) money in our politics/government.