The U.S. is falling behind in its economic competition with China. One potential solution? An expansion of executive power. That’s according to investor and contributing New York Times columnist Steven Rattner. Rattner served as counselor to the Treasury secretary in the Obama administration; he was known as President Obama’s “car czar,” for leading the team that saved the auto industry in the wake of the financial crisis. Today, we discuss why Rattner’s recent trip to China convinced him the U.S. is not winning, and his practical ideas for how we can turn things around — and fast.
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