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The Challenge of Countering China’s National Economic Tactics
The point is that dealing with China should not be done by acting like China, as least in the economic sphere. Crafting an “economic alliance” should not be thought of as creating an equally weighted, similarly-armed, counterbalance to China, but rather as creating a deep, ongoing, frank, and innovative discussion among countries that wish to preserve economic freedom of choice for their private sectors.
The March 12 virtual Quad summit and in-person visit by Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin to Tokyo and Seoul as their first foreign travel have highlighted the question of how liberal market economies can align themselves to deal with the global challenge of China’s “authoritarian capitalism,” as some call the current Chinese system. Although China is no longer a socialist market economy, nor is it private sector-led. The problem is that China does not fit co
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