In an op-ed, Prof. Ralph Gomory addresses how the US can compete with Chinese manufacturers
October 24, 2013
Excerpt from The Huffington Post -- "China did not get to where it is today by allowing natural economic forces to decide the outcome. The reality is much closer to the exact opposite. An industry is targeted, and then the economic forces needed to obtain a dominant position -- including subsidies, special tax rates, exchange rates and technology agreements -- are put in place. This fundamental reality cannot be ignored."