China's model of state-run capitalism needs a massive challenge from the two giant market economies. Obama must win a US-EU trade pact in his second term.
The American creed of equal opportunity is in danger of becoming Hollywood fiction. Wealth concentration, manufacturing's demise, and technology eliminating jobs are destroying upward mobility. We must invest in education, training, and R&D. We must also pay for it.
Dear Xi Jinping: Congratulations on your elevation to the top post in China. Many expect you to be the most powerful head of state in the world. But you face global citizens who are saying, 'enough is enough' when it comes to trade, human rights, and nationalism. Be forewarned.
President Obama and Mitt Romney both say it’s time for the US to get tough with China. They have it wrong. China's rising middle class provides a ready consumer market for savvy American companies, while Chinese infrastructure projects increase demand for US construction goods.