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.
Where is Francis Fukuyama When We Need Him?
May 24, 2014
May 2, 2014–I was at Business Week when the Soviet Union collapsed and we had intense arguments about whether the former Soviets could simply go “cold turkey” and transform themselves into a capitalist-style democracy overnight. Having had experience living in one Communist country, namely China, I knew that was impossible. But then came Francis Fukuyama […]
An Important Study on The Risks of Offshoring
April 2, 2014
2 April 2014 – The Defense Science Board says Offshoring Of U.S. Manufacturing Has Created National Security Vulnerabilities By Richard A. McCormack editor@manufacturingnews.com For the first time perhaps ever, a U.S.-government report has stated that the shift of American manufacturing overseas is causing a decline in Americans’ standard of living. Most government economic and […]
The Most Ignorant Article Paul Krugman Has Ever Written
March 30, 2014
I’ve been writing about this subject for years. In “The Next American Economy,” I wrote about how the creation of new industries is creating demands for entirely new sorts of workers. San Diego is enjoying a boom in genomics, for example, but finding people to interpret the results of what genetic testing machines find is […]
Post-BRIC World
March 24, 2014
I’ve been following this subject for a long time and am very pleased with this article in Compass magazine: http://compassmag.3ds.com/ POST-BRIC WORLD Experts comb the globe to predict the next emerging markets By William J. Holstein After a spectacular ten-year run, economic growth in the BRIC countries (Brazil, Russia, India and China) is slowing, and […]
My views on the GM recall, as told to Automotive News
March 13, 2014
GM’s challenge: ‘Reassure the world’ Lindsay Chappell Automotive News March 13, 2014 – 3:13 pm ET General Motors could face a decade of lawsuits and regulatory headaches over its delayed U.S. recall of 1.37 million vehicles with suspected faulty ignition switches. But GM CEO Mary Barra’s more urgent challenge will be convincing the public that […]
China’s Search For Resources: A Global Story
February 13, 2014
When I first started traveling in southern China in 1979, the country was virtually self-contained and self-sufficient. It had very little intercourse with the outside world. But now 35 years later, China’s economic emergence has become a truly global story. China isn’t a regional issue. It has become a global one because the Chinese are […]
