Thirty years ago, the late Deng Xiaoping persuaded the Chinese Communist Party to make two linked decisions. In the first, China resolved to risk eclectic borrowing from other socio-economic systems to invigorate its own.
We live in a time of great transitions and confusions. The global distribution of wealth and power is in rapid evolution.
Napoleon is said to have predicted that, when China woke from its slumbers, it would "astonish the world." The Little Corporal was a loquacious fellow who got much wrong but he seems to have gotten this right.
Americans are accustomed to foreigners following us. After all, for forty years, we led the industrial democracies against the former USSR and its captive entourage. After the Soviet collapse, we bestrode the world as its sole colossus.
I have been asked to speak to you about the Kingdom of Saudi Arabia. This is a topic I have never before addressed to an American audience. Why bother?