Nearly 20 years after China was admitted to the World Trade Organization, China has not become more democratic or free. And Western capital has ultimately only strengthened China’s communist regime.
“We were fooling ourselves,” says Clyde Prestowitz.
Prestowitz was a leader in the first U.S. trade mission to China in 1982, and he’s served as an adviser to four presidents, both Republican and Democrat. He is the author of “The World Turned Upside Down: America, China, and the Struggle for Global Leadership.”
By investing in Chinese companies with intimate ties to the Chinese regime, companies in the free world have inadvertently strengthened “this anti-free speech, anti-liberty, anti-soul Communist Party,” Prestowitz says. “It’s about fundamental human values.”
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