While Fareed Zakaria?s new contribution to TIME points out ? correctly ? that Congress? protectionist stance toward Chinese goods ?is at best pointless posturing and at worst dangerous demagoguery,? he follows up with the following:

The real challenge we face from China is not that it will keep flooding us with cheap goods. It’s actually the opposite: China is moving up the value chain, and this could constitute the most significant new competition to the U.S. economy in the future.

It?s too bad Zakaria doesn?t identify as the ?real challenge? China?s Communist regime, which has been less inclined in recent years to play nice with neighbors.