The problem is, we look at America and other nations as static things, they are not.
America went through the indecision period prior to WWll and in the end they dug
themselves out of the most serious threat they ever faced. As soon as the shrill
voices quit clanging the people will understand how much trouble they are in and
that there are no instant solutions. Those who proposed the free lunch concept,
that being, we don't have to do anything, we're Americans, will be sent back to the
darkness, and the people will start digging out.
America will face nearly a generation of problems, but that in turn will bring back the
regulation that is so badly needed. Regulation will also see the American people
demand the return of an industrial base of some kind. China is about to falter as well
economically and that means opportunities for America to return to its place of
prominence. Things change rapidly on the world stage, but this idea of a totally
unfettered free market and the America of old, is gone and people have to understand
that. I think they can turn it around in time. Face it, Asia cannot sustain the growth
they have experienced, and Europe will be decades to recover.
There is hope for the West, and we will pay much more attention to the nations of
South America that are doing better than most.