Robert L. Borosage: Making It in America: "China is intent on dominating the new energy markets of the future. If its past practices are any indication, it will subsidize exports, manipulate its currency, buy China at home, force multinationals to transfer technology and partner with Chinese companies, and engage in industrial piracy to make its way.
If the U.S. wants new energy to be the centerpiece of a new economy in which -- in the president's words, the U.S. 'consumes less and produces more,' then it will have to have an industrial strategy. It doesn't have to mimic the Chinese, but it has to respond to them, rather than invoking old shibboleths about 'free trade,' and ignoring the reality of the world marketplace."
(Via Huffington Blog.)
