The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
THE trustful acceptance of false solutions for our perplexing problems adds a touch of pathos to the tragedy of our age.
The tragic character of our age is revealed in the world-wide insecurity which is the fate of modern man. Technical achievements, which a previous generation had believed capable of solving every ill to which the human flesh is heir, have created, or at least accentuated, our insecurity. For the growth of technics has given the perennial problems of our common life a more complex form and a scope that has grown to be world-wide.
Our problem is that technics have established a rudimentary world community but have not integrated it organically, morally or politically. They have created a community of mutual dependence, but not one of mutual trust and respect. Without this higher integration, advancing technics tend to sharpen economic rivalries within a general framework of economic interdependence; they