Word: self-interest
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...adjudicator might give Chang good marks for summarizing succinctly much of the economic swamp that China is currently wading through. But by pinpointing the year and circumstances of counterrevolution, Chang risks derision. The Chinese are no slouches at barbarian management, and Western banks are nothing if not monuments to self-interest. If a catastrophic, WTO-triggered bank run seemed imminent, it is hard to believe that the principals wouldn't collaborate to contain...
This cooperation is largely motivated by self-interest--many schools can regain at least a percentage of their per-pupil funding by counting home schoolers, who get more options without being fully part of the system. "These programs can win parents back when they see the school is willing to offer alternative forms of education," says Patricia Lines, a senior fellow at the Discovery Institute in Seattle and one of the foremost experts on home schooling. "There's something very efficient about [traditional] schooling, and home schooling isn't exactly efficient." That's one reason TIME found so many home...
...refer to China as a "friend," preferring "communist dictatorship" instead. His differences with Powell are palpable, and yet they're always going to be settled by consensus. The balance may shift periodically, but within the limits defined by a long-term relationship in which both sides have an overriding self-interest...
...mutual self-interest that brought Washington and Beijing together back in 1972. The Nixon administration engaged with China not because it believed this would make China a more open society or economy, but because it would outflank their mutual enemy in Moscow. Later, as the crypto-capitalist Deng Xiaoping replaced Mao Zedong and began opening China's markets to the West, the relationship morphed from an alliance of convenience against a mutual foe into a partnership based on trade and investment...
...mistaken for a policy shift; it's simply a change in tone. Because, in fact, the tough talk of the early months wasn't actually a policy - it was simply a posture. The basic areas of conflict between China and the U.S. remain. But so does the basic mutual self-interest that binds them together...