A generation ago, it was believed that China's liberalization would lead its economy to resemble America's. Instead, American capitalism is now beginning to resemble China's. Recent actions demonstrate a shift towards state capitalism, where the government guides private enterprises. Examples include presidential demands for CEO resignations and government involvement in corporate sales and takeovers. This new model is not socialism, but a hybrid where the state influences decisions of nominally private companies. While not as extreme as China's model, this represents a significant departure from the U.S.'s previous free-market ethos. The author criticizes the Wall Street Journal's economic commentator for a less alarmed tone when describing similar trends under a Republican administration. The piece suggests a degree of leniency in evaluating these economic policies. The author believes that unchecked policies, like politically motivated firings of economic officials, are fundamentally disastrous and more akin to North Korea than China. The commentary implies that the economic commentator is not providing a fully objective assessment of the situation.