America’s Self-Inflicted Decline
America’s friends around the world watched with dismay the recent brawl in the US over raising the federal government’s debt ceiling, and the inability to come to anything like a balanced and forward-looking compromise. Indeed, it has become increasingly clear that good government might be impossible in the US.
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MELBOURNE – If the broad post-World War II prosperity that has endured for six decades comes to an end, both the United States and Europe will be responsible. With rare exceptions, politics has become a discredited profession throughout the West. Tomorrow is always treated as more important than next week, and next week prevails over next year, with no one seeking to secure the long-term future. Now the West is paying the price.