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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (90094)	12/10/2004 4:45:55 PM
From: LindyBill	Respond to of 793896

Kudlow - Optimistic Future By Money Politic$ If you haven’t already seen it, take a look at Brian Wesbury’s excellent WSJ editorial, “Trust the People.”[$] He walks through the paradigm shift from government to market that was launched by Ronal Reagan about twenty-five years ago. Assisted by Margaret Thatcher, this paradigm shift has driven the world economy toward nearly uninterrupted prosperity for more than two decades. Those areas that don’t keep up with the new grwht model, such as Western Europe and Japan, have fallen behind the prosperity wave. Those nations that have signed on to the new model, such as China, India, the Asian tigers, sometimes Brazil and Argentina, almost always Chile, and lately the Baltic and East European countries – perhaps Russia as well, but we can’t be sure – are now moving rapidly in the prosperity wave. George Bush’s ownership theme is a valuable extension of Reagan’s new paradigm. Bush also deserves enormous credit for his determination to spread freedom and democracy, especially in Iraq and the Middle East. This comes from Natan Sharansky’s idea of the enormous power of freedom, articulated in his book, The Case for Democracy, which Bush and Condi Rice are apparently reading, according to news reports. Add to these thoughts James Bennet’s idea of “the Anglosphere challenge”, which essentially argues that English speaking countries have embraced the Reagan-Thatcher paradigm more than non-English speaking nations, and hence will lead the prosperity wave in coming decades. Then there is Olaf Gerseman’s book, Cowboy Capitalism, which shows how the European’s have missed the economic growth boat, and have fallen way behind America. I would summaruze by simply saying that the power of free-market capitalism, the power of democracy and freedom, the economic power of lower marginal tax-rate incentives, and the power of Schumpeterian economy (with its gales of creative destruction) are all ideas that have taken hold, and virtually assure an optimistic future.