At every turn, the profit motive and economic interdependence between our countries ensured that concerns over democratic values would be subordinate to other interests. The U.S. government always had higher priorities. The American moguls who served as thought leaders on China and gatekeepers to the Chinese market—men like Henry Kissinger, Hank Paulson, Steve Schwartzman, and Mike Bloomberg—really had only one idea to offer: Do what the Chinese want, and you can make money there.

