Thomas Friedman is a thoughtful thinker. Many of his commentaries provoke such in his readers. This commentary from the New York Times does that but also leaves out a key element in the equation: the complicit role of major corporations. Over many years and has been noted in several writings elsewhere, the role of major corporations in the emergence of China as a serious threat to western-style capitalism is fact and real.
Rebuffing US government efforts to establish a more confrontational approach to the damage China was doing to the global capitalistic system under the guise of individual corporate interests ("Don't upset the apple-cart. We are making so much money.") has led the world economy to the impasse it faces today. Intellectual property theft be damned. Anchored in their adherence to the neoliberalism principle of what's in my best interest is in everyone's best interest, corporate complicity in evolving fiascos like the US/China relationship play a key role in what is and what will be. But, worry not, my friend. Central bankers stand at the ready!
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