Sunday, January 17, 2010

US Is Now Reaping the Whirlwind

Greed, war, partisanship and economic disparity will hinder America's future prosperity

by William Dimma

In the rose-coloured and relentlessly upbeat years that preceded the nearly unprecedented meltdown that surfaced first in the U.S. in the early autumn of 2007, its citizens experienced a sense of seemingly permanent euphoria. The earlier demise of Soviet communism ("the end of history") signalled the apparent triumph of the distinctively American brand of free enterprise. Subsequent economic growth, despite a corrective tweak now and then, seemed to confirm it.

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