Blog
I believe the most important thing Americans must do is to secure their economic well-being in an increasingly challenging, complex world. What I have written about all these years is the process of creating wealth, not for any one individual, but for the United States as a whole. Ever since I was a young correspondent witnessing the emergence of China after the country opened in 1979, I’ve believed we have to get more serious about creating wealth. I retain faith in the resiliency of the U.S. economy and the enterprise of American people. If Americans have the right strategies, we can once again create widespread wealth. Come with me on this journey.
More Economic Idiocy In The Wall Street Journal
February 11, 2016
I have a great deal of respect for the Wall Street Journal but a recent article by Greg Ip is an example of, once again, the blind leading the blind on what’s really wrong with the U.S. economy. The headline reads: Economic Theory Gets Its Day Right away, something is wrong. Why would anyone care […]
The Evidence Mounts: China’s Xi Jinping is turning himself into another strongman
February 5, 2016
The fact that President Xi Jinping is establishing rigorous centralized control over so many different aspects of Chinese life and politics, as per this latest article in the New York Times, is very significant. This is a return to the sort of China that most Americans have never witnessed and can scarcely understand. I caught the tail-end […]
China’s Problems May Be Much Deeper Than Outside World Recognizes
February 3, 2016
Andrew Browne of the Wall Street Journal is arguably the best China-watcher on the ground and this piece of his today is deeply shocking for an old China hand such as myself. The editors placed it on a back page and may have not understood its significance. The use of forced confessions is a leftover […]
The Travesty of Steve Rattner Writing For The New York Times
January 31, 2016
If you ever wonder why Americans are so profoundly uninformed about what needs to be done to fix our economy, thank The New York Times and Steve Rattner for book reviews such as this one today. Rattner was an investment banker until he got caught in a pay-to-play scheme with New York state pension funds […]
The Deep Struggle in China
January 26, 2016
Most of the commentary these days on China does not seem to grasp the depth of what is happening there politically. Having spent time on the ground there and speaking to dozens of Chinese about what happened during the Cultural Revolution, I have some sense that truly major things can happen in China and they […]
Will Japan Inc. Protect Its Own?
January 23, 2016
I know it is currently fashionable to argue that the Japanese are finished in the global economy. They’ve been blown away by the much more dynamic Chinese economy. Sorry. It hasn’t been true and it still isn’t true. The Japanese have dominant positions in many key technologies, such as the screens that go into Apple’s […]
