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The Oxford-style debate considered the proposition: America is winning the innovation race. Defending the motion: Vivek Wadhwa, of Singularity University, and Haiyan Wang, of the China India Institute. Against the motion: Andrew Chung, of Khosla Ventures, and Ann Lee, author of "What the US can learn from China". The debate was moderated by Vijay V. Vaitheeswaran, China business and finance editor for The Economist, at The Economist's Ideas Economy: Innovation 2012 event in Berkeley, California. Subscribe NOW to The Economist: http://econ.st/1Fsu2Vj Get more The Economist Follow us: https://twitter.com/TheEconomist Like us: https://www.facebook.com/TheEconomist View photos: https://instagram.com/theeconomist/ The Economist videos give authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.