President Obama’s visit to China this week inevitably invites comparisons between the world’s two leading powers. You know what they say: Britain owned the 19th century, America owned the 20th century, and, it’s all but certain that China will own the 21st century. Maybe, but I’m not ready to cede the 21st century to China just yet.
Why not? It has to do with the fact that we are moving into a hyperintegrated world in which all aspects of production — raw materials, design, manufacturing, distribution, fulfillment, financing and branding — have become commodities that can be accessed from anywhere by anyone. But there are still two really important things that can’t be commoditized. Fortunately, America still has one of them: imagination.
Op-Ed Columnist - Advice From Grandma - NYTimes.com