Wednesday, February 25, 2009

They hate to love us, and they love to hate us....

In Thomas L. Friedman's column: Paging Uncle Sam, taken from The New York Times; the rest of the World still looks to the U.S. for leadership even though the U.S. doesn't feel like it's the superpower it once was.
Friedman gives the reader a straight-forward view of American global leadership. He argues that World leaders often complain that; in this post Cold War, American Power is too strong. However a World without American power is too dangerous to even imagine. A World without American leadership contends Friedman; would be a leaderless World. He breaks down key nations such as Russia, China and the European Union not being able to fill the shoes that America has. His basis for Russia and China is that neither country has the will or a way to provide global public goods that America provides. He explains that the European Union is so at ends with itself that it can't even pass a stimulus package.
Friedman goes further and backs up his point by giving the reader cases in point. One example is the amount the dollar is beginning to gain on global currencies, such as the Korean currency, which has lost nearly 40 % to the dollar in the past six months. This is all because countries are turning to America for leadership during these rough times. They see that the American Government and its citizens HAVE the ability to navigate through the rough waters that face the global economy.
Thomas Friedman's credentials speak for themselves. He is the recipient of three Pulitzer prizes for commentary, all while writing for The New York Times. He has served as chief economic correspondent in the Washington District and before that the chief White House correspondent. It is fair to say that Mr. Friedman knows what he is writing about; in terms of global economics. Mr. Friedman wrote this commentary while in Seoul, South Korea. The commentaries he recieved from Korean economic officials are naturally more biased towards American leadership. Had Mr. Friedman been in Moscow or Beijing the tune might have been a little different. Still though Friedman is right; while Europe can't get along (which is what it does best) and China and Russia entertain the idea that they are gaining ground on the U.S., it is America that is "taking the bull by the horns" so-to-speak. The rest of the World is just watching and waiting to see what comes next.

1 comment:

  1. I do not claim to know much about economics. But I do know that if we are a major producer of food for the world, which I believe is one of our exports. We should really be creating our food from cells.
    Of course, European doctors have been ahead of American doctors in the cell regenerating game. Nancy Reagan even changed her mind before Ronald Reagan's death about stem cell research and spoke out about it several times, in support of stem cell research. I am sure laboratories all over the world will be manufacturing meat independently soon. How will this change the stock trade? Hmmm? The global economy is already here. So how is this going to change it? Maybe more money will be invested into food processing industries but enough for the exchange? hmmm How long is the exchange going to last? Our dollar is not based on gold anymore. Who's is? Russia, Saudia Arabia and Canada. Look for a new form of currency on our side of the world soon.
    Here is my link about laboratory created meat. This steak is on me. Good article. http://www.newscientist.com/article/mg19926635.600-comment-growing-meat-in-the-lab.html

    ReplyDelete