I would like tonight to tackle the proposition head-on: Is the West presently severely disadvantaged with regard to Asia, if not in relative decline? I also want to take a harder look at the sustainability of the Chinese model of authoritarian capitalism. Finally, I would like to issue
a friendly warning: if present trends prove durable, we are in the middle of an historic transition. And such transitions usually carry risks. Without accommodation, there is the risk of conflict, either through protectionism or, in the last resort, war. What can be done to prevent such a negative outcome?