Two American Businessmen in China. Circa 1995.

by Oscar Valdes

You wonder if there was a time, many years ago, when American businesses first began to access the Chinese market, when they might have said, “Hmm, the Chinese are wanting something in return for granting us access to their markets. They’re offering the cheap labor (plus land and low taxes) but they want more. They probably want to copy our products, then mass produce them themselves, and eventually replace us.”

Bob, who was CEO of a company making widgets in the north of China did, indeed, have such thought…