They are trying to get greater control over the US economy / resources / society. Such an oligarchy is inefficient, so the US will get outcompeted by China. But that is a price they are willing to pay, as long as they benefit personally.
Put another way, the cake will become smaller, but they’ll get a bigger slice of it.
What is best for the public is not necessarily what is best for the ruling class.
tell that to French royalty or the Czars of Russia or the King of Italy or the last Chinese dynasty.
Sure, but as Americans how do they benefit from China rising to the top?
They are trying to get greater control over the US economy / resources / society. Such an oligarchy is inefficient, so the US will get outcompeted by China. But that is a price they are willing to pay, as long as they benefit personally.
Put another way, the cake will become smaller, but they’ll get a bigger slice of it.
From robber barons to robber despots. If they have enough, then they can be global as individuals, and to hell with everyone else.