Much of our national debate proceeds as if China and America were locked in a zero-sum game in which one's loss is precisely the other's gain.
Sentiment: NEGATIVE
As I've said many times and publicly, a war between China and Taiwan that involves the United States is a lose-lose-lose.
We believe that economics does not necessarily have to be a zero-sum game; it can be a win-win proposition for everyone involved so long as they have the tools in which to succeed.
As President Obama clearly said just a few months ago, China must play by the international rules, the international trading system from which they've benefited so much.
This is not a zero-sum game. We know that if we provide access and education, particularly where there are gaps in the market, we will create more jobs, we will create more growth, and we will create more activity in the U.S. market, which will be good for our economy.
We reward people for making money off money, and moving money around and dividing up mortgages a thousand times over, selling it to China... and it becomes this shell game.
The U.S.-China relationship, of course, has elements of both cooperation and competition.
As economic globalization gathers momentum, China and the United States have become highly interdependent economically. Such economic relations would not enjoy sustained, rapid growth if they were not based on mutual benefit or if they failed to deliver great benefits to the United States.
China and the U.S. need each other very badly. Yes, we should argue about some things, but it's not an 'us versus them,' it's an 'us and them' type scenario.
The rise of China as a new power is another great challenge for the US. Our failure to properly handle Germany and Japan earlier in the 20th century cost us and the world dearly. We must not make this same mistake with China.
The discussion of derivatives in the political world has become a zero sum game.
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