Fareed Zakaria

And what do they have?

They have smart people.

You can always buy this stuff from around the world.

Think about the oil revolution in America.

The Chinese kept going around Africa and trying to lock up oil and natural gas deals.

The US did technological innovation and invented fracking.

It turned out ours was a much more successful thing because it's fundamentally knowledge-driven.

Theirs, they've got to make corrupt deals with African dictators.

In a weird way, Trump is more like that Chinese mentality.

That's why he loves the Venezuela case.

Yeah, I mean, one way to think about what they're doing here is, you know, for Trump, it's clear, I just read this book, The Gods of New York, which is the New York in the 80s.

You'd love it, actually.

It's really fascinating.

It's when I moved there.

And Trump is a huge character in it.

And you can look, even then, every time he did a deal,

His absolute imperative was, how do I squeeze everybody in every possible way to screw them and get the best deal I can for myself?

There was never a thought about, instead of a transaction, how do I build a relationship?

And any really great businessman will tell you, businesses are built not on a single transaction, but on building a relationship.

Right.