The China election
Bill Clinton, in a speech heralding China’s entry into the World Trade Organization in 2000, remarked that ‘by joining the WTO, China is not simply agreeing to import more of our products. It is agreeing to import one of democracy’s most cherished values, economic freedom. The more China liberalizes its economy, the more fully it will liberate the potential of its people — their initiative, their imagination, their remarkable spirit of enterprise. And when individuals have the power, not just to dream but to realize their dreams, they will demand a greater say.’It is by now glaringly obvious that this vision didn’t come to pass. For far too long, ‘End of History’ hubris dominated western engagement with China, and hubris led to nemesis.