One of the biggest mistakes we all make at times is acting as though our competition is standing still. The same holds true for countries and economies.
China, for example, is galloping ahead at breakneck speed, despite its current economic issues and the prospect of weak employment. It seems more than willing at times to disregard some of the generally accepted rules of the road, a topic President Obama raised last weekend, when he met Chinese President Xi Jinping in California. Chinese espionage—whether aimed at the U.S. government or U.S. companies—has to end. But we can’t put our plans on hold waiting for that to happen.