The rise of China as a new power is another great challenge for the US. Our failure to properly handle Germany and Japan earlier in the 20th century cost us and the world dearly. We must not make this same mistake with China.

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When somebody has an enormous success in this culture people start asking two questions which are 'What are you doing now?' and 'How are you going to beat that?' And I have to say I love the assumption that your intention is to beat yourself constantly - that you're in battle against yourself.