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This book begins with an eye-opening exploration of the rise of China's economy and an assessment of its potential for further rapid growth. The implications of China's new power are nothing short of profound, Reed Hundt contends.In China's Shadow proceeds to paint a detailed landscape of the new reality confronting American businesses and citizens. For the first time in over one hundred years, Americans face critical challenges to their economy and way of life owing not only to China's impending economic might but also to the drift of U.S. business practices and government regulations over the past decade. Aiming for a respectable defeat in the competition of nations will imperil not only the American Dream of an ever-increasing standard of living but also the American project itself, Hundt warns. Meeting the foreseeable challenges is not a matter of legislative strategy from the political left or right or prescriptive plans for businesses. The best chance for Americans to lead the world in job and wealth creation lies in an expanded and renewed culture of entrepreneurship. Hundt reviews the lessons of the 1990s, when the architectures of law, technology, and leadership produced a robust culture of entrepreneurship, and analyzes how entrepreneurship is being undermined today. He challenges Americans to do what they do bestadapt, invent, innovate, take risksand points the way for a reinvigorated entrepreneurial society.

The former chairman of the FCC, Reed Hundt is senior adviser on information industries to McKinsey & Company, a worldwide management consulting firm in Washington, D.C.

Acknowledgments	p. vii
Introduction	p. 1
Looking East Toward the Dawn	p. 11
Death of a Dream? The Challenge of China	p. 11
China Is Near	p. 11
Communist Mercantilism	p. 15
IT Is It	p. 20
Response Time	p. 24
The Future Is Now	p. 24
Some Past Will Be Prologue	p. 27
America's Historic Culture of Entrepreneurship	p. 27
The Halcyon Era	p. 34
In an Uncertain Future	p. 38
The Uprooting of American Business	p. 41
Only World Championships Matter	p. 41
Flying Flags of Convenience	p. 44
Reverse Immigration	p. 47
Fading Friendship	p. 50
The Up and Down of Entrepreneurial Culture in America	p. 57
Reform's End	p. 57
The Golden Rules of the 1990s	p. 61
Case in Point	p. 61
Andreessen and the Browser	p. 71
Leaders of the Net	p. 76
Bringing Down the House	p. 77
Change and Its Reactionaries	p. 77
Enemies of Reform	p. 80
Feckless Philosophers	p. 83
Limitations of Capitalists	p. 86
Home Improvement: Rebuilding the Architectures of Culture	p. 89
The Laws of Entrepreneurial Encouragement	p. 89
Spend Money to Make Money	p. 90
Teaching Success	p. 92
Antitrust for the Twenty-first Century	p. 95
Growing the Market	p. 98
Hand Up, Not Handout	p. 101
Public Wealth and Private Gain	p. 101
Worth What You Can Borrow	p. 104
All Together Now	p. 105
Principles of Technology Applied to Entrepreneurial Culture	p. 108
Entrepreneurial Leadership	p. 110
Risk-Taking and Risk-Reducing Leaders	p. 310
Virtuous Cycles	p. 114
America the Hopeful	p. 117
The Power of Ideas	p. 117
The Medium Is the Means	p. 122
Notes	p. 135
Index	p. 187
Table of Contents provided by Ingram. All Rights Reserved.

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In China's Shadow : The Crisis of American Entrepreneurship

In China's Shadow : The Crisis of American Entrepreneurship

0300126093

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