"... the corporate news in this country is coming from the very corporations that are profiting from and empowering the Communist Chinese new Reich. We’ve been intentionally deceived, by “useful idiots” like Tom Friedman ..."

Fingleton has lived and worked in Asia since the mid 1980s, and he has covered international economics and business since the 1970s. The American ruling elite, he says, does not understand China, nor the nature of the Chinese government. Most members of the elite continue to believe - a la Tom Friedman - that liberal trade will liberalize China. But Fingleton writes that what is taking place is the exact opposite. "Globalization" has merely given Beijing the financial and institutional tools to get what it wants from America, when it wants.

Over the years, Fingleton has repeatedly proven a prescient observer of international economic trends. In the late 1980s he predicted the crash of the Japanese banking system and stock market. In the late 1990s he predicted the crash of the high-technology boom, and the subsequent shift of real power back to those who control production and suppl