What we see today is an American economy that has boomed because of policies and developments of the 1950s and '60s: the interstate-highway system, massive funding for science and technology, a public-education system that was the envy of the world and generous immigration policies.
Thanks to the Communist Party of China, we now know the path to poverty alleviation is Capitalism.
The tallest building in the world is now in Dubai, the biggest factory in the world is in China, the largest oil refinery is in India, the largest investment fund in the world is in Abu Dhabi, the largest Ferris wheel in the world is in Singapore.
Generations from now, when historians write about these times, they might note that, in the early decades of the twenty-first century, the United States succeeded in its great and historic mission--it globalized the world. But along the way, they might write, it forgot to globalize itself.
It is likely that human beings will find fulfillment and will be rewarded for the same qualities that they have been rewarded for for 5,000 years. And that is intelligence, hard work, honesty, a sense of character, loyalty to family and friends, and above all, love and faith. If you are trying to decide what you should do, those are the things you should do. And you know it.
A nation's path to greatness lies in its economic prowess and ... militarism, empire, and aggression lead to a dead end.
...foreign policy is a matter of costs and benefits, not theology.
Americans have so far put up with inequality because they felt they could change their status. They didn't mind others being rich, as long as they had a path to move up as well. The American Dream is all about social mobility in a sense - the idea that anyone can make it.
If there is one lesson for U.S. foreign policy from the past 10 years, it is surely that military intervention can seem simple but is in fact a complex affair with the potential for unintended consequences.
I am an American, not by accident of birth but by choice. I voted with my feet and became an American because I love this country and think it is exceptional.
Religions are vague, of course. This means that they are easy to follow -you can interpret their prescriptions as you like. but it also means that it is easy to slip up -there is always some injunction you are violating. But Islam has no religious establishment - no popes, no bishops - that can declare by fiat which is the correct interpretation. As a result, the decision to oppose the state on the grounds that is insufficiently Islamic belongs to anyone who wishes to exercise it.
In a world awash in debt, power shifts to creditors.
Street protests in Saudi Arabia might warm our hearts, but they could easily lead to $250 a barrel oil and a global recession.
American influence is not what it used to be.
The Berlin Wall wasn't the only barrier to fall after the collapse of the Soviet Union and the end of the Cold War. Traditional barriers to the flow of money, trade, people and ideas also fell.
Democracy is also a single ideology, and, like all such templates, it has its limits. what works in a legislature might not work in a corporation.
But as the arms-control scholar Thomas Schelling once noted, two things are very expensive in international life: promises when they succeed and threats when they fail.
China is ruthlessly pragmatic. It supports North Korea for its own selfish interests. And I believe that China no longer considers us an ally. The current president, Xi Jinping, cultivates close relations with South Korea. He has never met with me, the leader of North Korea, something that the leader of China has always done. At the grand celebrations in Beijing two years ago commemorating the 70th anniversary of the end of World War II, he placed the president of Russia and the president of South Korea at his side. In North Korea, we pay a lot of attention to ceremonies and what they signal.
It all looks American because America, the country that invented mass capitalism and consumerism, got there first. the impact of mass capitalism is now universal.
Germany is a fascinating role model. The Germans have maintained their manufacturing edge despite being a high-tax, high-regulation economy. Why? Because the government really set about ensuring that it maintained funding for technical training, technical advancements and programs. It made a concerted effort to retain high-end, complex manufacturing -- the kind of BMW model, if you will. And they've done that so successfully that Germany, which has a quarter of America's population, exports more than America does.
I enjoy writing but I much prefer the experience of having written.
The problem is that Islam does not have a pope, so there's no one guy to say, 'This isn't kosher'...Not that he would.
America's growth historically has been fueled mostly by investment, education, productivity, innovation and immigration. The one thing that doesn't seem to have anything to do with America's growth rate is a brutal work schedule.
If you listen to the political discourse in America today, you would think that all our problems have been caused by the Mexicans of the Chinese or the Muslims. The reality is that we have caused our own problems. Whatever has happened has been caused by isolating ourselves or blaming others.
You know, when the cost of capital goes down, when credit becomes cheap, people start taking greater and greater risks.
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