The global economic crisis has revealed the folly of large U.S. budget and trade deficits, as well as of the strong dollar that makes them possible. If it is serious about recovery, the United States must balance the budget, stimulate private saving, and embrace a declining dollar.
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Which Way is History marching?
Its marching in an accelerated manner and one way. We are entering a Century which will be defined as one where Intellectual Capital is King. The Citizen can conjoin and scale through these new Revolutioniary Platforms [Mobile, Facebook and Twitter] and they are like the net was for the Lilliputians. The State is Gulliver. The Landscape is a c21st one.
Aly-Khan Satchu
http://www.rich.co.ke/rctools/wrapup.php
Twitter alykhansatchu
Anywhere but Liberalization
I thought the idea that the Liberalization of nondemocratic countries had died?
It is foolish for members of the west to think that their own economic and political developments can be repeated in different parts of the world, where other types of political and economic systems exist. One example is Russia, pure western liberal democracy has never existed there, and it probably never will. China is reforming somewhat, but again, I don't think the West will be able to force liberalization upon them.
History is not marching in any direction when it comes to representing the entire world, separate trends exist for different countries.
History Marching toward?
While it's true that democracies U.S. and Britain beat Nazi Germany in WWII, they couldn't have done it without the help of the non-democratic, non-capitalist, Soviet Union which delivered Hitler his first major defeat at Stalingrad, the major turning point in the war. We simply cannot predict the future course of history.