i'm steven -- [inaudible] i used to work for olin at the u.s. council for international business.i see we have three treasury people up here. >> i was going to say, lack of diversity. >> i want to take you out of the weeds for a moment and talk about the young people and their access and power of the internet. and if you look at the recent history of the last 50 years, the ability of the young people in china to push change more rapidly and in directions that the chinese officials have yet to contemplate. >> i think it's a very useful question. i want to link it to my earlier snarky comment about how those expectations in that younger age cohorts are so very different from the people of the cultural revolution generation. you've looked at this in terms of stability. >> yeah. i mean, i think, look, this is the biggest challenge they face is the tension between the need to move in this direction, to break out of -- [inaudible] and their pervasive desire for control. and, you know, right sizing that is really the chief challenge. all of these economic issues and so on aside, perhaps

are facing and how that affects their incentive structure or their willingness to lean forward, as olin just said, in areas where it's unclear what the winning strategy is. and secondarily, the broad feel of reform program and top level design. she is using a political mobilization strategy,? the leading groups that will run down the hierarchy are all led by the local senior party official, and that's great in terms of mobilizing the party apparatus, but when the crunch really comes in implementation of some of these reforms, do you want that top political guy to, the guy who's seeking promotion, or would you rather have a committee of tech technocrats wo understand the situation well? >> we should not assume that the tactics of the left are appreciated. down the line. because they are associated with the past. >> right. >> that was problematic. and so there is, i think there has been a generated some cynicism especially as to the nature of the political direction. >> when you go down and meet with these guys, too, you'll notice that they're 30 and 40 years old which i find extremely fr

even ideological enfrenchment to signal get onboard, or it's not going to be pleasant for you. >> olin, this is sort of beyond our writ today, but i can't resist having you here having spent so much time in negotiations with chinese colleagues and continuing to do so in the private sector. as you look at what these guys have described, what particular challenge or opportunity do you see for u.s. policy against this backdrop of dynamism, even of -- and this is not new to you -- you know, changes in government structure. heaven forbid we should have significant changes in the way our government is organized. we all do this. we convulse every couple of years with different models and move the boxes around, but in listening to what chris just said, i'm trying to think of what consequences you feel this has for the u.s. and for policy going forward. >> yeah. i think it does have some significant process consequence withs as well as substantive. just let me say i'm surprised you didn't put me center-right -- [laughter] i'm happy to be here on your left. >> you're always there for me. [laught

oline, lay the groundwork for us. >> it is a huge deal. it is about having a fair internet.having access to netflix content at the same speed and same quality. in europe, they have laid down the law. they have said we will have net neutrality. it will be on the shoulders to bear the burden on the likes of the internet providers. they have to upgrade their systems, allow the amount of data that we want to run through them, and allow netflix to provide their content. in the united states, it is a bit of a business-class being set up. if netflix really wants great service to its customers, they will have to pay millions of dollars to comcast and at&t. so the draft proposals go at the moment. at the moment, the sec said that baseline level of service as necessary. entere then allowed to into individual deals and pay for a better subscription, for better access to the internet, for better quality. and comcast are saying, why do we have to deal with the investment? netflix is saying, why do we have to pay? >> their arguments on both sides. net neutrality was a fair way to have acc

on my immediate left, olin wethington, former assistant secretary of the treasury for international affairs, special envoy to china and leader of our financial financial negotiations with them and founder and head of the wethington international right now. where you work on m&a work and outbound investment of all kinds. yeah, maybe it is the cold rain but on the way over i was reminded and kind of chastened by the idea that it has been exactly 40 years ago that i was, probably making in the same weather about same time of year the transit of the university of michigan diag to go to mike oxenburg's class on chinese political thought. mike didn't waste all his time with ungrateful undergraduates, as many of you know he went on to be carter's senior director for asian study and spearhead the china normalization effort. mike, among the many things that he taught us, he emphasized the need in looking at china for intellectual rigor and honesty and also for a necessary modesty appreciating what we don't and can't know in trying to understand china's instincts and motives. i think he would look at

general miroslav give them a share of scape olin's first astronaut is one of them but back in one thousandne hundred forty three the future space conquerer was a helpless baby boomer record asli survived. two of them were lost my story is very common. there were thousands of similar stories of poles living in ukraine are you hearing i mean them of course i was only eighteen months old at the time. so i don't have any personal recollection. but i remember the stories my parents told me well you know our family suffered a lot during the fall. and my mother often talks about it. more. i thought that a good deal of the going to the tragedy came to our family on the night of march twenty fifth one nine hundred forty three. our family lived in peace and wealth we had very good ukrainian neighbors russia who could. my grandfather had a very good relationship with them. i know this because my mother always remembered that no warmly. they heard rumors about must because. my grandfather would always tell the family and also worry. if you heard us through he said. there was no need to be anxious beca

matter but there is also a fairly often repeated call to let bygones be bygones and put the case of the olin tragedy to rest at least for now. well only be able to get back to developing a tragic gene when ukraine becomes a stable and prosperous country within the west and the implants which are trying to address it now would make no sense any calls for restoring just as apologise or compensation will only aggravate our relations with key if at a time when ukraine's future and its association with the u.i. being decided it would make sounds to get back to it in about twenty years but doing and now would be more than useless it would be politically damaging and genocide is political leverage. all and when poland says it was ethnic cleansing with marks of genocide it is nothing but to soften the wording used to keep the peace with the ukrainians because as you obviously understand marx if genocide means that it was in fact genocide it was nothing like forced resettlement like for example operation. when poland ukrainian minority moved to recover territories no it was about physically killing t