Can U.S.-China Tensions Be Mediated?

What we’re doing, put mildly, is industrial upgrading; put bluntly, it’s redefining our relationship with the United States along the supply chain; and if we’re even more brutally honest, it’s about securing our place at the table—and eventually, taking the lead.

There’s only one throne.

That determines:

Whether the wealth gap at home intensifies, whether ordinary people will command truly high wages, whether the wealthy will consolidate their share of global riches—and whether we continue grinding through internal competition, or successfully push industries overseas, relocating low-end manufacturing to operate under new brands in an era of higher profits.