In a world awash in debt, power shifts to creditors. – Fareed Zakaria
Americans have so far put up with inequality because they felt they could change their status. They didnt 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. – Fareed Zakaria
The Berlin Wall wasnt 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. – Fareed Zakaria
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. – Fareed Zakaria