On the menu today: President Biden and China's Xi Jinping are expected to have their first in-person meeting in Indonesia this November, leading some to argue that the administration should set preconditions for Xi before granting him a face-to-face meeting with the American president. (This is a little tougher for a president to do once he's chosen to fist-bump Crown Prince Mohammed bin Salman.) Of course, Biden’s renewed engagement with China’s leaders also brings us back to an infamous, mysterious, wildly underexamined phrase in our national life: "ten percent for the big guy."
'Ten Percent for the Big Guy'
Ira Stoll, writing in the New York Sun a few days ago:
America may not realize it, but it has the upper hand. Even China's own bogus economic data show high unemployment and slowing economic growth there. It turns out that communism doesn't work. Goldwater was correct.
A weaker American position will only fuel suspicions of corruption — "10 percent for the big guy." Why are ...
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