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The difficulty here is that helping them compete on the "basis of our system" carries two very difficult implications. One is that to do means us forcing China to adopt our system. It is simply not going to do that short of being conquered and occupied by us. Secondly, one must ask what competing by "our system" means exactly. Our system had strong anti-trust measures in the past. Today not so much. But, we are increasingly losing in economic competition with China. Maybe we need more anti-trust, and certainly we need more industrial policy. The Chamber will never say that. In any discussion of competing with or in China it is absolutely necessary to understand that we are not going to change their system. If we are failing in the competition, the only remedy is to change our system or, better, to readopt the system that made us rich between 1816 and 1975.

Feb 18, 2022
at
10:18 PM