The promise or threat of China’s economy has fired the American imagination ever since the first Yankee clipper ship captains voyaged there in the 1780s. Whether perceived as a limitless market for American goods or as an intimidating rival poised to supplant the United States as the world’s dominant industrial nation, China is indeed a force to be reckoned with.
At first glance, Reed Hundt’s In China’s Shadow is another in a recent spate of books probing the nature of China’s startling rise over the last 30 years since the death of Mao. The title of his book, however, requires more than a moment’s scrutiny. Hundt, former chairman of the FCC during the presidency of Bill Clinton and a member of the board of directors of Intel, has written a book whose subtitle is more indicative of his thesis: The Crisis of American Entrepreneurship.
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