East and West
December 30, 2009
It has been very popular amongst the media to bash the west and to predict the demise of the United States.
I’m generally a believer that just because the east (ie China) is rising doesn’t mean America is going the way of Rome.
Americans are tremendously resilient, entrepreneurial and determined. America and the west have stable systems of government, property rights, financial sophistication (which has been strengthened by experience with the recent sub-prime debacle) and freedom.
America will be back stronger, richer, smarter and well positioned to continue its leadership position economically, politically and militarily.
I hope you enjoy this Niall Ferguson opinion which appears in the Finanical Times.