Captions Copyright National cable satellite corp. 2008 for years now, its been assumed that americas destiny was to be overtaken by china as the Worlds Largest economy, and that may still happen, but actually its chinas economy that now seems under pressure in the face of robust american efforts to stop china taking advantage of the free trade that it never practices itself. The people who know china best, the rich china, cant wait to get their money out and their kids educated in the west and the people of hong kong who are risking bloody repression of support of their British Heritage dont trust the goodwill or longevity of the communist regime. For years its been assumed that globalization under pinned by free trade was unstoppable and unambiguously good. Even though it was much more obviously good for the rich people of poor countries than for the poor people of rich ones. Yet trumps tariff hikes against china seem to be bringing more investment dollars home, boosting American Manu
Minds. Lets turn it over to you, tony, and get it started. [applause] abbott walter, thank you. Thank you, ladies and gentlemen for being here. It is always good to be in washington and at the Heritage Foundation in particular. I have a speech which i am going to deliver. I have worked on it. I think it is important that i give you the speech i have written. Thate just begin by saying america is the indispensable country, the only country on earth with the strength and the consistently beat the free world. I like to think that australia is americas indispensable partner. The one country that america can always rely on for help when America Needs it. So with those introductory notes, it is straight to the Heritage Foundation. Back in november of 2014 when australia hosted the annual meeting of the g20, it was by far the most important gathering of leaders ever held in my country. It should have been a diplomatic triumph, but for president obama choosing at that time to give a speech at
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