Magazine February 19, 2018, Issue

The Trojan Dragon

(Jason Lee/Reuters)
Why Chinese mercantilism still threatens U.S. manufacturing

Perhaps it’s the natural human aversion to bad news — sometimes known as the “ostrich effect” — but few opinion leaders on U.S. economic policy appear willing to take a cold, hard look at the state of U.S. manufacturing. If they did, they wouldn’t be happy. First, U.S. manufacturing suffered catastrophic losses in employment and output in the 2000s; then its recovery in the 2010s was only modest; and now it faces existential challenges from a resurgent China that is well practiced in the dark arts of “innovation mercantilism.”

Washington’s leading lights on trade policy have long engaged in denial on

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Letters

Popularity Contest In “Hearing the People” (January 22), a generally spot-on assessment of how Republicans should react to populism, Henry Olsen writes: “The combined might of the five core groups of ...
Politics & Policy

The Week

‐ “And here to speak for the party of diversity, inclusion, women, people of color, and a bold embrace of the future is . . . some guy named ‘Kennedy.’” ‐ ...
Poetry

Poetry

THIS MILKY WAY This Milky Way, our galaxy, contains A massive hole of blackness at its core, Where any photon striking it remains In unreflected absence evermore, While we perch on a speck upon a ...

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