Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
Sentiment: NEGATIVE
Globalization has redefined the competition for employment and incomes in the United States. Tradeoffs will have to be made between the two.
Globalization is not a monolithic force but an evolving set of consequences - some good, some bad and some unintended. It is the new reality.
Globalization, far from putting an end to power diplomacy between States, has, on the contrary, intensified it.
As the United States chains itself down with greater debt, China is building relationships across the globe to bolster its trade, its access to natural resources, and its energy consumption. In far too many cases, this means lost opportunities for America and our businesses.
China and India will, separately and together, unleash an explosion of demand.
My plan for 'The New York Times,' if I get the deal, will be putting the paper on every newsstand across the country and making 'The Times' accessible to every Chinese household. China is such a big market and is too big to miss.
The tradition and style of the 'New York Times' make it very difficult to have objective coverage of China. If we could purchase it, its tone might turn around.
We must take care that globalization does not become something people become afraid of.
Everyone in the Chinese economic world knows that the country is not going to move out of cheap-workhouse status, toward the realm of 'real' rich-country corporate power and prosperity, unless (among other changes) it begins removing these price distortions.
I think that the level playing field is so unlevel - it is tilted so much in favor of Chinese companies - that it's time for the United States to do a little bit more, see.