116: Jacob Helberg, Co-Chair of the China Strategy Initiative Working Group at The Brookings Institution
Square One: Conversations with the Best in Business
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China
Main street thought and practice from an economic perspective over the last 30 years has been upsourcing to china, right? Cheap and readily available, empowered american consumerism. The ethos after the cold war, especially in the late nineties, was that a democracy really had the wind at its back. We made a calculated decision that if we went ahead and opened trade with them, admitted them to the w t o,. granted them most favored nation status, that ultimately they would prosper. That was a bed that did not pan out, obviously, and today we're paying a very big cost for that. And so i think we're at a juncture where we're really trying to a
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