The North Koreans are heavily dependent on China for, among other vital supplies, their oil. Their moribund industrial sector would grind to a halt without copious supplies of spare parts and indeed entire machines sourced through China. Trump seems to be offering Beijing a choice: either apply effective pressure on Pyongyang or stand aside while the United States takes a hands-on approach.
That latter option would appear—at least for negotiating purposes—to include the threat of American military action. If Trump holds tight, Beijing will blink first. If press reports are to be believed, the North Korean missile program has lately made such strides that the Kim Jong-un regime may be able to deliver a nuclear strike to the U. Even if on further study it turns out that that program is not nearly as advanced as is widely believed, it is past time Washington swatted this irritating gnat.
That has repeatedly proved disproportionately unfortunate. The fact is that once the Pentagon takes the controls, trade policy gets short shrift.
Always the story is that Japan, South Korea, and Taiwan are vitally needed allies—yet allies whose loyalty somehow hangs on the weakest of threads. Any attempt to talk turkey with them on trade would somehow endanger the entire East Asian order.
In recent years, popular wisdom has held that opening American markets to Chinese goods was the best way to promote democracy in Beijingthat the Communist Party’s grip would quickly weaken as increasingly affluent Chinese citizens embraced. Editorial Reviews. From Publishers Weekly. America's fate looks dicey in the showdown with In the Jaws of the Dragon: America's Fate in the Coming Era of Chinese Hegemony - Kindle edition by Eamonn Fingleton. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks.
I couldn't put this book down--at least of its pages are dog-eared and highlighted. It's probably the most important book that's ever been written about the future of our republic. He lays out the consequences of seeing China the way outsiders would like it to be, rather than the way it is.
Eamonn Fingleton, a prescient former editor for Forbes and the Financial Times , has been monitoring East Asian economics since he met supreme leader Deng Xiaoping in as a member of a top U.
The following year he predicted the Tokyo banking crash and went on in Blindside , a controversial analysis that was praised by J. Galbraith and Bill Clinton, to show that a heedless America was fast losing its formerly vaunted dominance in advanced manufacturing to Japan.
His books have been read into the U. In praise of hard industries : why manufacturing, not the information economy, is the key to future prosperity by Eamonn Fingleton Book 16 editions published in in English and Japanese and held by 1, WorldCat member libraries worldwide Challenging conventional wisdom, Eamonn Fingleton argues that manufacturing expertise-- not the new information economy--is crucial to jobs, exports, and growth.
It is universally accepted that the future of the U. The same conventional wisdom says that advanced economies should abandon manufacturing in favor of information-driven services such as finance, entertainment, and software.
In this book, Eamonn Fingleton demonstrates that by every measure, including high-wage job creation, contribution to national income, and balance of trade, the manufacturing sector outperforms the "new economy. Blindside : why Japan is still on track to overtake the U.
He explains why the country's leaders have recently cultivated the image of financial distress and why it is naive to take that false modesty at face value. He locates for the first time the true command center of Japanese economic expansionism, the little-known Ministry of Finance.
Working behind the scenes for almost fifty years, the Ministry of Finance has rewritten the rules of global finance and created a powerful new economic system that is as sharp and portentous a break from capitalism as capitalism was from feudalism. Unsustainable : how economic dogma is destroying American prosperity by Eamonn Fingleton Book 6 editions published in in English and held by WorldCat member libraries worldwide When financial journalist Eamonn Fingleton anticipated the meltdown of the New Economy in the late nineties, his predictions were dismissed by mainstream economic writers as "farfetched.
Written in clear, lucid prose that renders the complexity of the world economy clear to the general reader, Unsustainable is a masterly survey of how the U. Taking on free market ideologues like Thomas Friedman, Fingelton shows how those who claim that a global service economy is the key to America's salvation are living in a fool's paradise.