Capitalism’s internal flaws raise barriers that impede the progress of Western values around the world. The frequent crises have led to an acute loss of faith in those values. In the long run, the West itself may become less Western.

Capitalism is in crisis and the China-US relations are in need of readjustment. Maybe the U.S. can borrow a page from China’s success story to close the wealth gap and bring about greater fairness in society.

Income disparity in China is among one of the many issues that could have been addressed at Sunnylands. However, as Michael Justin Lee points out, symbolism overshadowed substance at the first meeting of Presidents Xi and Obama.