“Hail Ants” View of China Is Politics, Not Economics
So goes the meme: America can’t press human rights in its diplomacy with China, or insist that China stop enabling and start pressuring Kim Jong Il, because China now owns a controlling interest in America. It’s not difficult to find examples of this view, though it turns out to a more prevalent theory among editorialists than economists. Our old friends at Al Gore’s Current TV sum up the argument this way: President Barack Obama will work hard to build trust...