Krugman on China

This is the last section of Krugman's excellent and thought-provoking commentary on our evolving relationship with China. Note that Newsweek also has several stories about China in it's issue this week, including an excellent essay by the always lucid Fareed Zakaria who makes very similar points.

http://www.nytimes.com/2008/01/04/opinion/04krugman.html

January 4, 2008
NY Times
Dealing With the Dragon
[. . .]
On the Republican side, foreign policy talk is all bluster and braggadocio. To listen to the G.O.P. candidates, you’d think it was still February 2003, when the national discourse was dominated by people who thought that American military might was sufficient to shock and awe the rest of the world into doing our bidding.

Memo: China has 50 times the population of Iraq.

The Democrats in general make far more sense. But among at least some of Barack Obama’s supporters there seems to be a belief that if their candidate is elected, the world’s problems will melt away in the face of his multicultural charisma.

Memo: It won’t work on the Chinese.

The truth is that China is too big to be bullied, and the Chinese are too cynical to be charmed. But while they are our competitors in important respects, they’re not our enemies, and they can be dealt with.

A lot of Americans, when they think about the next president’s foreign-policy qualifications, seem to be looking for a hero — someone who will stand tall against terrorists, or transform the world with his optimism.

But what they should be looking for is something more prosaic — a good negotiator, someone who can bargain effectively with some very tough customers and get the deals we need on energy, currency policy and carbon credits.