President Obama’s visit to China this week inevitably invites comparisons between the world’s two leading powers. You know what they say: Britain owned the 19th century, America owned the 20th century, and, it’s all but certain that China will own the 21st century. Maybe, but I’m not ready to cede the 21st century to China just yet.

Why not? It has to do with the fact that we are moving into a hyperintegrated world in which all aspects of production  raw materials, design, manufacturing, distribution, fulfillment, financing and branding  have become commodities that can be accessed from anywhere by anyone. But there are still two really important things that can’t be commoditized. Fortunately, America still has one of them: imagination.

What your citizens imagine now matters more than ever because they can act on their own imaginations farther, faster, deeper and cheaper than ever before  as individuals. In such a world, societies that can nurture people with the ability to imagine and spin off new ideas will thrive. The Apple iPod may be made in China, but it was dreamed up in America, and that’s where most of the profits go. America  with its open, free, no-limits, immigrant-friendly society  is still the world’s greatest dream machine.

Who would cede a century in which imagination will have such a high value to an authoritarian society that controls its Internet and jails political prisoners? Remember what Grandma used to say: Never cede a century to a country that censors Google.