The media and the foreign policy "experts" went ballistic recently over President-elect Donald Trump's phone call with Taiwan's President Tsai Ing-wen. With one brief call, which the Trump team says was only a congratulatory call initiated by Ms. Ing-wen, Trump blew up our longstanding "One China" policy and precipitated a dangerous collision with Beijing.

While this reaction was somewhat overwrought – not surprising, given the media's adversarial relationship with the PEOTUS – there is indeed good reason to find this worrying.

I say this because Trump's view of China, and especially the stance taken by Peter Navarro, one of his economic advisors, is dangerously wrong. While it is true that China has flooded our markets with cheap goods that easily out-compete US products, in reality China is an economic disaster waiting to implode on itself – and the regime's hold on the populace is increasingly precarious.