If America were a stock, it would be a “buy”: an undervalued market leader, in need of new management. But that points to its last great strength. More than any rival, America corrects itself. Under pressure from voters, Mr Bush has already rediscovered some of the charms of multilateralism; he is talking about climate change; a Middle East peace initiative is possible. Next year's presidential election offers a chance for renewal. Such corrections are not automatic: something (a misadventure in Iran?) may yet compound the misery of Iraq in the same way Watergate followed Vietnam. But America recovered from the 1970s. It will bounce back stronger again.LINK
Saturday, July 14, 2007
America: "a buy"
I've been musing about how the entrepreneurial culture of the United States affects our government policies and social and political outlook on world events, both negatively and positively. More on that later but here's a relevant quote from a recent leader in The Economist. Well worth reading the article in full.