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I never said that at all. The only thing about China that I specified was the widely-agreed upon fact that they are out-competing the West in low-cost manufactu
by jasonisalive 12y ago
I never said that at all. The only thing about China that I specified was the widely-agreed upon fact that they are out-competing the West in low-cost manufacturing. China has many problems, not the least a culture of corruption and coercion in government, as well as the absence of intellectual property protections. They are nevertheless (or rather owing partially to this) very competitive.
Anyway, the West doesn't need to respond to the threat of China and others (Korea for instance) by aping the worst aspects of these countries. True economic liberalisation will pose a far more effective and constructive counter.