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China Capitalism
China's capitalism works so well because the authoritarianism. No Union or Labor Groups to drive up the wages. No real healthcare system (not enough skilled personnel). No Environmental Protection Agency. No environmental laws to prevent rapid expansion in industry. Less bureaucratic mumbo jumbo. Not to mention all the people that they have to put to work.
America needs to switch to that type of economy again. Less services economy and more of a production economy. Unemployment would go down. Trade deficit would slowly disappear and we could get to economy that was similar to that of after WWII.
Problem is...who do we sell our stuff too?
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