Commentary Foreign firms doing business in China should be aware of the costs of transacting with a totalitarian regime that controls everything in society and can easily bend any company to its will. Heads of U.S. corporations don’t dare to criticize the Chinese Communist Party (CCP) even in private settings. They know Big Brother is always watching them. JPMorgan boss Jamie Dimon’s quick apology over a joke he made recently about the country’s communist regime provides a good example of how business leaders fear retribution from Beijing. Clyde Prestowitz, author and strategist on Asia and globalization, explains the true cost of doing business in China in his latest book “The World Turned Upside Down: America, China, and the Struggle for Global Leadership.” He was a presidential advisor and a leader of the first American trade mission to China in 1982. The U.S. companies that are highly coupled with China face all kinds of risks, from intellectual …