The East Is Green

...To thrive in this new world of the capitalist inversion, the United States will have to change the rules of the game again...

...China's free zones reversed that: people wanted to move into them, pursuing emancipation and prosperity...

...This clock neither gains nor loses a second in 20 million years...

...It means recognizing that no tax rates over 20 percent collect any net revenues, and lowering our tax rates to the levels imposed by our competitors...

...28 THE AMERICAN SPECTATOR • NOVEMBER/DECEMBER 2002 Digital Technology Atomic accuracy in any U.S...

...The global capitalist economy is undergoing an epochal inversion, with Europe and the United States sinking into an over-regulated, technophobic, bureaucratic slough, while the former Communist world is embracing the low-tax, deregulatory regime last espoused by President Ronald Reagan...

...A thinker with a marvelous ability to write, teach, and engage, this book is indispensible for understanding the past and future of the biotech revolution?' —Francis Fukuyama In Life, Liberty and the Defense of Dignity Leon Kass summons us to think carefully about the new biomedical technologies threatening to take us back to the future envisioned in Brave New World...

...This ultra-accurate radio-controlled timepiece has a perpetual day and date calendar, signal reception indicator and is powered by a 3-volt lithium battery expected to last three years...

...Under Mead's guidance, Jiang—that rarest of politi-cians today, a trained engineer—focused China on what we call the telecosm: the weave of industries that exploits the powers of the microchip and electromagnetic spectrum for computing and communications...

...With our increasing webs of obsolete regulation, litigation, and bureaucracy, American capitalism has often needed a bailout from Asian challengers...

...Beginning with farms that were not producing their quotas, he established what is essentially a zero marginal tax rate for incremental agricultural production: anything above quota, farmers could keep for themselves or sell for a profit...

...All the growth and all the opportunity are emerging from the free zones...

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...But the United States responded with entrepreneurial creativity...

...economy...

...Even Peter Drucker, who almost never says anything wrong, declared that making memory chips in the United States was like growing pineapples in North Dakota...

...Conceived by Jiang when he was electronics minister and spearheaded by scores of thousands of Chinese technologists educated over the past two decades in American universities and companies, this technological insurgence is a great opportunity and challenge for the United States...

...According to government data, just 514 state-run companies command 60 percent of industrial assets and half of all prof-its...

...time zone Atomic digital watch keeps time and date accuracy by reading from the official time transmitter...

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...Way back in 1985, when the one-time electrical engineer became minister of electronics, he was smart enough to consult Caltech professor and regnant genius Carver Mead...

...In fact, such challenges are not unusual in our history, and the United States has thrived in the face of every one of them...

...Having a timepiece that can not only keep perfectly accurate time, but keep track of the time zones can be really helpful and convenient...

...I believe that Jiang—now settling into a back seat as a newer set of Chinese technocrats takes command—is the single greatest capitalist leader of the late twentieth century...

...He also adopted the most aggressive supply-side program in the world economy...

...technology universities to return home, and by maintaining a fifty-state maze of communications laws, taxes, and price controls that paralyzes our nascently networked economy...

...Kass, Chair of the President's Council on Bioethics, thinks deeply about the life and death issues we face today...

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...When outside the range, the timekeeping operates off a 3-volt lithium battery...

...This watch is a great gift for anyone who values precision and technology...

...In the end, problem-solvers tend to fail in a global competitive economy, where winners pursue opportunities...

...China today isn't a problem Americans need to solve—ifs an opportunity we must seize...

...But there is absolutely no possibility that U.S...

...In China, similar demonstrations are underway, not only by China Unicorn—the CDMA carrier in China—but also by Chinese companies making routers and switches such as Huawei and ZTE, and by companies in optics...

...The result has been the fastest, most technologically inventive industrial transformation in history...

...State Department's active encouragement—were busily selling out to the European standard, GSM...

...Those two great themes have carried the U.S...

...Launching low-taxed free zones, focusing education on electronic engineering, Jiang's program has evoked growth so explosive as to be unbelievable if it George Gilder is a senior fellow of the Discovery Institute, editor of the Gilder Technology Report, and editor at large of THE AMERICAN SPECTATOR...

...Its cell phone market is already bigger than America's...

...In addition to its accuracy, the watch is water resistant, and has a battery-saving "OFF" function...

...Even in the Bush administration, the Justice Department sees telecom as an arena fraught with monopoly perils...

...Indeed, Jiang has had to deal with the crippling burden of China's Communist apparatus and the People's Liberation Army...

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...America will soon be more dependent on Chinese technology than China will depend on the United States...

...What is our response...

...Today, the United States is no longer the spearhead of world capitalist growth and supply-side economics...

...The issue is whether the United States is going to be paralyzed by a politics of solving problems—prescription drugs, accounting foibles, antitrust champerty, green technophobias, income gaps, and digital divides—or whether it embraces a politics of opportunity...

...And meanwhile the vain attempt to stop the unstoppable will wreak devastation in the very communications and optical technologies in which the United States has long led the world...

...This means learning how to educate our own children in math and science...

...TSMC has become the world's largest and most advanced "foundry"—independent semiconductor fabrication facility—fulfilling Carver Mead's prediction decades ago that the industry would end up with design and manufacturing in separate spheres...

...Well, the U.S...

...regulation can stop the advance of Chinese electronics technology...

...In doing so, China reversed the problem-solving dynamic that paralyzed post-Soviet Russia...

...It means unleashing the broadband economy now paralyzed by regulation and litigation...

...His reflections on bioethics and its discontents are informed not only by his training as a scientist, but also by the wisdom of philosophy, theology and common sense...

...The stainless steel butterfly clasp and removable links to adjust the band size make it a good fit...

...Now there is a watch that can scientifically give you the right time in all zones within the 2,000-mile radio signal range...

...Does anyone really know what time it is...

...Expanding on Mao's famous dictum, I said: "Let a billion flowers bloom...

...The world has become a smaller place in the past few decades...

...I talked with Morris Chang at the Forbes conference in Hong Kong—Morris used to be vice president of Texas Instruments, and he moved to Taiwan to establish the Taiwan Semiconductor Manufacturing Corporation...

...But the number of registered private businesses soared from 90,000 in 1998 to 2.3 million in 2001...

...The Atomic Digital Watch gives you a selection of 24 time zones...

...At a time when much of the U.S...

...If you travel—this watch is a necessity, The Atomic Digital Watch from LaCrosse Technology is radio-controlled, maintaining its incredible accuracy by automatically reading from the official standard frequency and time transmitter in North America...

...But the United States already depends on China's manufacturing prowess for thousands of crucial goods...

...The Time and Frequency Division, located in Boulder, Colorado, maintains the F-1 Fountain Atomic Clock, the nation's standard of time...

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...We also moved to a revolution in chip design, which Carver Mead largely conceived...

...In the mid-'80s, Japan constituted a similar challenge...

...It means that George W. Bush has to adopt the supply-side inspiration of Ronald Reagan...

...Washington regards China as a problem—in fact it is the greatest opportunity in the history of capitalism...

...This WWVB radio signal gets its time from the most precise clock in North America based in Colorado, and transmits its signal over a 2,000-mile range...

...In 1988 when I visited China for the Cato Institute, my theme was that the greatest untapped resource in the world economy was not uranium or natural gas or gold or platinum—it was the Chinese people...

...A timely gift...

...The leading business figure in technology in Taiwan, Chang wants to invest nearly a billion dollars in silicon fabs on the mainland...

...Through our misbegotten export controls, the U.S...

...30 THE AMERICAN SPECTATOR • NOVEMBER/DECEMBER 2002 Life, Liberty and the Defense of Dignity The Challenge for Bioethics By Leon R. Kass "That this book will, as it is intended to, stimulate intense discussion may be an understatement?' —Booklist "Luminous, meticulously argued, and deeply honest examinations of the paradoxes and ironies that the `medicalization of life and death' lay before us...

...China is already the world's fastest-growing market for semi-conductors...

...Singlehandedly—if that is the word for a country of 1.3 billion people—China can save the telecosm...

...And yet this is regarded to be a problem in Washington, where the threat to old ally Taiwan is considered particularly menacing...

...Unleashed by newly created free zones along the coast—where surplus farmers quickly found new employment—China's miracle was entirely capitalist...

...Led by Samsung, South Korean carriers demonstrated CDMA's inherent superiority and reversed the tide...

...Many companies took his word to heart...

...Newly minted companies are pouring millions into gear for metropolitan optical networks...

...In a series of meditations on cloning, embryo research, the human genome, the sale of organs, and the assault on mortality itself, Dr...

...His chief problem is the United States, which has restrictions on selling the latest-generation chip-manufacturing gear to China—as if somehow Chinese prosperity is a threat rather than an immense and thrilling opportunity for the world...

...We all remember the prophecies that we would be flipping hamburgers and processing laundry for the Japanese wafer fab workers...

...Department of Commerce...

...If Morris Chang is willing to embrace main-land China, maybe the various Morrises in Washington should be ready as well...

...electronics and optical industry is mired in depression, China offers the best hope for the U.S...

...economy forward...

...government attempts to prevent Chinese companies from purchasing microchip lithography gear that can resolve a line smaller than 0.25 microns...

...Another, to gut our own technology economy, by forcing Chinese students at U.S...

...To any supply-sider aware of the global evidence that lower tax rates yield higher revenues, the response was predictable: within three years Chinese farm production tripled and created the foundations for an economic miracle...

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...It sets itself to the F-1 Fountain Atomic Clock using a working battery, it adjusts itself for daylight saving time and leap years, and it features a variety of practical and convenient features to fit your lifestyle...

...The Republican victories this November mark a turning point for both the party and the nation...

...The former Soviets initially tried to deregulate centrally, from the inside out, opening up the whole economy at once—thus arousing maximum resistance by all the entrenched, established forces...

...THE COMING CAPITALIST REVERSAL The East Is Green BY GEORGE GILDER Management guru Peter Drucker's great insight is: "Don't solve problems...

...Government wants to, so they created the National Institute of Standards and Technology, a component of the U.S...

...He has had to confront memories of Taiwan's humiliation of China—this little island just offshore that out-produced the mainland...

...We must change the rules of the game again, or the great capitalist inversion means a twenty-first-century world economy of overwhelming power—and overwhelmingly made in places willing to throw off their chains from the past and seize opportunity now...

...Washington deems Jiang Zemin and the rest of China's leaders to be dangerous Communists...

...And within two years, China will command more advanced, more diverse microchip manufacturing capabilities than we do...

...When you solve problems, you end up feeding your failures, starving your strengths, and achieving costly mediocrity...

...This watch is the next best thing to having your own atomic clock, because it automatically displays the precise accurate time...

...iEcHNoScouT~ 1998 Ruffin Milt Road Colonial Heights, VA 23834 N M were not visible to the naked eye...

...One part, of course, is regulation—try to slow down this Communist monster with export controls...

...I just returned from a week in China, my first visit since 1988.1 was addressing a Forbes CEO conference in Hong Kong, now part of China under the new model of "one nation, many systems...

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...Usurping the Reagan mantle and capitalist vanguard are the former Soviet Union—with its 13 per-cent national flat tax—and the People's Republic of China, with zero marginal tax rates on agricultural output, a zero capital-gains tax, an engineering-dominated education-al system, and coastal "free zones" with their entrepreneurial culture of riotous growth and creativity...

...Chinese institutions now graduate some ten times as many engineers as we do...

...China still sup-ports a huge state-run sector that comprises close to 70 percent of measured output...

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...Washington Monthly "His cry will strike as a clarion call to protect human freedom from the excesses of biotechnology?' —Publishers Weekly "In a time when many professional bioethicists have become sophisticated apologists for the scientific community or biotech industry, Leon Kass is one of the few who has kept a persistent focus on the ISBN 1.295553 "',:-1.95.191 pages central moral issues raised by technological change...

...We changed the field of engagement and provided a cornucopia of new inventions that erupted as the Internet and personal computer revolutions...

...That's what is happening in China today...

...While our own elites studied pettifoggery and environmental catastrophe theory, we allowed foreign countries to supply the engineering talent needed by Silicon Valley's entrepreneurs...

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...Over thelast five years, South Korea did its part by proving the superiority of Qualcomm's made-in-America CDMA wireless telephony, at a time when AT&T, Bell South, and I Cingular—with the U.S...

...We changed the rules of the game and compensated for the educational failures of American students by attracting immigrants...

...But during the '60s and '70s, the Soviet Union alsocreated many scientists and engineers—three times as many as we did—and there were many dolorous predictions of the future of the United States in the face of the challenge of the Soviet Union...