4.7 • 6.8K Ratings
🗓️ 19 April 2021
⏱️ 5 minutes
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0:00.0 | Communist China is the biggest challenge America faces on the world stage. |
0:05.0 | It's a challenge that we ignored for far too long. |
0:08.0 | For decades, United States leaders in both parties encouraged deep ties with China. |
0:14.0 | The idea was that China would move away from communism and embrace freedom and democracy. |
0:20.0 | This idea was wrong. |
0:22.0 | The Chinese Communist Party is now more oppressive at home and aggressive abroad than ever before. |
0:28.0 | It uses every tool at its disposal to strengthen itself while weakening America. |
0:34.0 | Let's start with trade. |
0:36.0 | Trade is a fundamental and fundamentally beneficial part of our economy. |
0:40.0 | But not all trade with all trading partners is the same. |
0:45.0 | The father of capitalism, Adam Smith, observed in the wealth of nations |
0:50.0 | that Great Britain's command of the seas must trump trade benefits. |
0:54.0 | Defense, he wrote, is of much more importance than opulence. |
0:59.0 | America has long understood this truth. |
1:02.0 | During the Cold War, we limited trade with the Soviet Union. |
1:06.0 | We didn't want the Communist country to use our innovation and economy against us and our allies. |
1:12.0 | Now it's time to take a similar approach with China. |
1:16.0 | For anyone who might have doubted the need for this, |
1:19.0 | the coronavirus pandemic has provided a very loud wake-up call. |
1:25.0 | As Americans rushed to purchase medical equipment, masks and gloves, |
1:29.0 | it became obvious we had outsourced a lot of what we needed to China. |
1:34.0 | We had become dependent on them for not only PPE, |
... |
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