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By china. >> peter is the author of "becoming china's b word" and nine more catastrophes we must avoid right now. what do you mean becoming china's b word? >> i think we are at a crossroads, we can either embrace china, understand it and confront them when they're being unfair and go after them when we have opportunities. we can restore america's greatness as an economic power if we understand china as well as they understand us. >> all right. help us understand it. you say one of the catastrophes that could befall the united states is if we become too dependent on china. >> precisely. we are ...

The country, we should all come together as one big family and put our partisan and philosophical swords down. given what's happened in the recession the last several years, state and local governments do not have the resources to be able to address and rebuild communities after a devastation like this. i think it is the unique responsibility of the federal government and i think that feema does have the resources to deal with this and we've done a lot of nation building in iraq and afghanistan and elsewhere, i think when something like this happens, it's the national responsibility for us to ...

From them. we buy their stuff. they give jobs to their people and we give cheap products to our people. >> for the walmart shelves or whatever else, we're basically well positioned. that codependency right now works up to a point. but codependencies -- >> or at least a stability of some kind. >> correct. better put. but codependencies don't last forever. if they develop a middle class and turn that export monster to feed some of their local needs and consumers, they may not need to provide us with so much debt. and suddenly, we're kout of co-dependency. that's the bad time to negotiate. the ti...

Foundation, peter kieranen. the author of a new book with a provocative title. becoming china's blank. we must avoid. people can read right now. a manifesto for the radical center. >> so peter, let me challenge your assertion ha we're going to become china's whatever we're going to become. that china is going to rule our destiny. we heard the same thing in 1988, 1999 that america was going to be japan's granary by the middle of the 21st century. do we have a lot to fear from china's rise? >> i was living in japan at the time all of this was going on. and japan obviously didn't fulfill their pr...

Because everybody else in the world recognizes that china is going to be the leading economy. >> is it possible that there's going to be a coming bubble? >> if they do it, they'll make it with the worst pollution, the most elderly, they've got a lot of anchors holding them back. gm struggled back to be the number one car producer in the world. and they went from way back to nine million autos, great for the usa. of those nine million, two and a half million were sold in china, it's a co-dependency, it's a dance, it's a tango. the only way to work it is 0 to fully engage. fully understand china...