Sure is not all wrong but it's infinitely worse than any economic model that actually secures a sustainable future
But your attempt to pre-empt that the only possible alternative is Chinese style state-sponsered capitalism illustrates the paucity of your imagination or the malice of your intentions
There are plenty of alternatives to what the US does. You can see them in other politically and economically advanced countries, which achieve far better results. You can see them in relatively recent US history.
But there is a weakness in this view, namely the enormous security (and energy) dependency of those "other" countries on the US. It is a coupled system, making it hard to isolate what the standalone merits of the various modelw