We Need New Thinking in the Economic Competition with China

The great mid-20th-century American statesman Dean Acheson titled his memoir “Present at the Creation,” the story of his role developing the institutions of a new international order after the cataclysm of World War II.

The challenge today is not remotely comparable — we are largely protecting the status quo from revanchist powers rather than writing on a blank slate. Yet the twin threat from Russia and China requires new thinking, especially in meeting national needs not necessarily addressed by the free market alone.