It was the conventional wisdom that China, due to the burden of its global responsibilities, would become a responsible stakeholder and global citizen through greater market access. That’s not happening.
A game where only one side plays by the rules is rigged. We have now locked ourselves in an embrace with a corrupt regime, and it has not been to our benefit economically or morally.
World trade in goods and services has morphed into a gigantic manipulative carnival of currency trading. This needs to change.
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