Retired Ambassador Bob Blackwill and Richard Fontaine talk to Jim and Ray about how America failed to complete its "pivot to Asia" during the past decade and across successive administrations. The authors of the recent bestseller, 'The Lost Decade: The US Pivot to Asia and the Rise of Chinese Power', argue that America's much-celebrated geostrategic rebalance has never fully materialized, resulting in a weaker US position in the face of a rapid rise in Chinese power and aggression. They emphasize the increasing importance of the Indo-Pacific, the area of greatest geopolitical competition and compounding threats to the global order. They call for a belated but properly executed pivot that includes economic, military and diplomatic components. The conversation also touches on the challenges of getting the American people and political class behind a pivot to Asia, the need for increased defense spending and the importance of deterrence in dealing with China.