From the Wall Street Journal, via Glimpse of the World blog:
Are Americans missing a revolution? Across the Pacific, China’s emergence is reshaping not only trade, but also world finances, global manufacturing and the entire East Asian economy. This should naturally give rise to searching debate. But the debate we are actually having is limited to a series of complaints about currency rates, intellectual property piracy and Chinese investment intentions in the U.S. It is more a to-do list than an assessment of structural global change and what it means for America. Some of the complaints are valid. But to focus on complaints alone ” even serious ones ” is to risk mistaking the foothills for the Himalayas behind.
