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.
Major Disconnect on China in The Wall Street Journal
February 17, 2016
I had a bit of a neck wrench the other morning when reading my Wall Street Journal. On the op ed page, the Chinese ambassador to the United States, Cui Tiankai, wrote a piece arguing that China is undergoing “structural reform.” He wrote: “To sustain growth, China is implementing structural reforms that place greater emphasis on […]
Seven Years Since I Said GM Would Survive on Fox News
February 17, 2016
It’s hard to believe it’s been seven years ago this week that I was part of an incredibly intense debate about whether General Motors, Chrysler, and the American auto industry could survive on Fox & Friends with host Gretchen Carlson and Dan Calabrese, shortly after writing Why GM Matters. I was tense because I expected an […]
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 […]
