But the government's solution looks to be a retreat into mercantilism, restrained by hints of realism.
But American officials know just how prickly China can get when it is accused of mercantilism.
Such pervasive mercantilism is as economically illiterate now as it was in Adam Smith's day.
He argued that countries that are victims of Chinese mercantilism may be right to take protectionist action.
It was a vast improvement over the predecessor systems of feudalism and mercantilism.
It must aggressively fight international green mercantilism to level the playing field.
FORBES: Three Warning Signs America is Losing the Global Clean Energy Race
Add to this the rubs that come from Chinese mercantilism abroad: the courting of regimes that abuse people, the planet and the peace.
If this policy is crude mercantilism, or a way to bolster the weak economic record so far of Prime Minister Abe, it is indefensible.
Europe has tried mercantilism, militarism and inculcating youths with angry nationalism.
However, much of the world is responding to another face of China, in the reaction to brash acts of mercantilism that can include notes of militarism.
American Mercantilism Descends into Fascism Even his finest hour of bailing out GM took GM away from the rightful bond holders and gave it to the unions.
China's assertive mercantilism, anger at straight talk about its military plans and attempts to quell free speech even outside its own borders are all of a piece.
The game is set against the backdrop of Western colonialism and mercantilism coming to Japan, adding yet another layer of history and politics to the fairy tale.
And no matter how selfish our current capitalistic model may be, it is not as selfish as mercantilism and mercantilism was not as selfish as its own predecessor, feudalism.
Unfortunately, China is responding with even more mercantilism.
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