It has been labeled surrender on the installment plan. But the problem of Formosa. important as it is. is essentially a symbol of the complete and utter failure of our entire fareastern attitude. Let us not allow the dispute over Formosa to obscure the fact that we have no Asiatic policy worthy of the name and that because of that shocking absence we are being shunted from one disastrous Munich to another. What is needed is an overall explicit. courageous Asiatic policy. Certainly that policy must be accommodated to the particular problems in each area. Yet today. as far as I can make it out. our policy in Asia consists of the following factors: First.