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Pastimes : Let's Talk About Our Feelings!!!
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To: Dayuhan who wrote (73468)2/1/2000 1:16:00 PM
From: Zoltan!  Read Replies (2) of 108807
 
At the beginning of the 1990s, the conventional wisdom was that the United States was entering a period of irreversible economic decline in both absolute and relative terms.

Would better read:

"At the beginning of the 1980s, the conventional wisdom was that the United States was entering a period of irreversible economic decline in both absolute and relative terms...."

Of course, it was during the 1980's that major restructuring began, when Washington embraced markets as superior to political direction - against that advice of those who wanted us to follow the Japanese model. The Great Boom that has endured is the result. That is the model that has been emulated throughout the world.

Restructuring happened and continues, despite what that author implies, because markets require it.
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