Interesting Reactions Worldwide – What Years of Neglect and Lack Of National Policy Is Creating
By: TraderMark Saturday, September 27, 2008 2:12 PM istockanalyst
Remember, we’ve been talking about the Post-American era that is coming soon, where there is not 1 superpower (Aug 19: Coming Soon: A Post American World), but due to its self inflicted wounds and gluttony, the “Rise of the Rest” (Fareed Zakaria) will occur (if you are new to the blog I’d highly recommend reading this post from May) Remember, we are shouted at daily (“We’re #1”) that the US led the world into this mess, and we’ll lead them out. I believe differently. This is such a deep rooted mess, the rest of the world will lead us out, not vice versa. We’ll know in a few years but I wrote often in fall 2007 that we have a very inward looking (“if it doesn’t happen in America, it doesn’t matter”) arrogance about us. So of course WE will lead the rest of the world out of this mess… no one else is strong enough. This is a global world, with competitors running at us hard and fast – the quicker we get out of our inward gaze and realize this – the better. Perhaps being taken down a few rungs will help us on that path… I hope so. But we’ll see. We have very short memories. Read the rest of this entry »