LISTEN TO TLR’S LATEST PODCAST:By Ted GoodmanGeneral Electric CEO Jeff Immelt defended his vision of globalization in a wide-ranging speech Thursday while also advocating President Donald Trump’s America first focus. Immelt argued that a number of key factors led to the demonization of the term, “globalism.” He argued that China redefined the game by making state-capitalism work. General Electric makes between $9 and $10 billion in revenue inside China, according to Immelt. “It’s not level today, it’s not.”“We can compete with anybody,” he said in defense of American companies. “Because Germany is moving, China’s moving.”The CEO argued that if there’s a real focus on tax reform, infrastructure, and regulatory reform, the American economy will thrive.