In announcing the China Trade Deal, The US Trade Rep, Lighthizer, pointed out the single most important fact about the US and China - they are two large economies and dynamic economies but with very different economic systems. In that sense, there are then two Chinas - the one that we realize is more economically powerful and influential than the one we grew up with and that some of the more misguided of us (including the Week for God's sake) envy for its command and control capitalism. The other is the one that is still fundamentally communist and state controlled not just socially and legally but economically. As such, it is still a great threat to us all and what we hold dear and must be straitened. Perhaps this Phase One is really Phase One in bringing China into the true law abiding and peaceful unbothersome family of nations If not, at least it's a halter on the Chinese Ox of tyranny with a good bottom line.
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