Deepening confrontation between China and the U.S. reflects an outdated Cold War mindset on both sides that is utterly unsuited to today’s global challenges.
Either everyone wins the fight against climate change, or no one does.
The U.S. has mostly followed a mechanical and “rational” paradigm for policymaking. China's organic approach is better suited to today's world.
As soon as incomes are interrupted in the U.S., the Fed and Treasury have to step in to stave off disaster. China's model is more resilient.