By Gedalia Guttentag | October 12, 2021 As China menaces Taiwan, America must step in E ver since Nixon’s dramatic China visit in 1972, American policy on the Communist giant has been a fantasyland. Known as the “One-China policy,” it attempted to reconcile China’s claim to Taiwan with the US commitment to the island nation’s independence. At heart was a piece of lomdus. Since both China and Taiwan — whose Nationalist leaders escaped to the island after their defeat in the Chinese civil war in 1949 — agreed that there was only one China, the way forward was simple. America…