Open-Market Sustainability

Abstract

"America stands at a historic inflection point. The economic engine that carried our nation out of World War II, to then outperform the Soviets, is incapable of meeting the challenge of the twenty-first century. While the United States and some other Western economies are in the throes of a rare and disruptive debt crisis, the global economy is in the midst of three additional challenges: rapid economic inclusion, ecological depletion, and a resilience deficit. Though distinct, these four crises are inseparable in practical terms, forming a singular strategic test facing the United States. Simply put, the post-Cold War international economic system is fundamentally unsustainable."