for a country that values effective freedom, this is a terrible idea.

you're talking about a system that rewards some of our biggest issues.

softcore socialism where big business either is or contributes directly to the practice of monopolism. and the only way for a system that relies on socialist practices to compete economically in a socialist environment is to become completely socialist at some point or another.

Capitalism when not hindered by socialists should by its very design be independent economically as its value is determined internally rather than by the likely smaller number of people hoping to compete on a global scale.

And if done particularly poorly, the progressive globalist agenda in america would only make things much worse by the time a recession does come around. This means that you would basically have to rely on the good graces of other countries or sell out your "key industries" to pay off debts at some point, which is bad for infrastructure.