you can't abolish "capitalism," in a broad sense. you need price signaling like hayek points out. we really don't have an open free market anyways. everything is on a spectrum of open markets (what i assume you mean when you say capitalism) and communism. we need protectionist policies for american workers that leverage the price signaling model like what i proposed. if you mean capitalism as in the academic definition in marxist thought, which roughly translates to "actions are taken to prioritize profit over all else" then i totally agree, but you can't go full retard central planning. you need to accept profit as the incentive system and change the rules to make it less profitable to use jeets than americans. since jeet are basically slave labor, a hefty tariff on them is what the doctor ordered.
United States