The Crisis of the Old Order

Robert Samuelson, Newsweek
WASHINGTON -- We are now witnessing "the crisis of the old order." The phrase, coined by the late historian Arthur Schlesinger Jr. to describe the failure of unfettered capitalism in the late 1920s, also applies to the present, despite different circumstances. Everywhere, advanced nations face similar problems: overcommitted welfare states, aging populations, flagging economic expansion. These conditions define the global crisis and explain why it's struck the United States, Europe and Japan simultaneously. We need to move beyond daily headlines to understand this larger...

Source: http://www.realclearpolitics.com/articles/2011/07/25/the_crisis_of_the_old_order.html

Charles Mountbatten-Windsor Prince Charles Camilla Mountbatten-Windsor Duchess of Cornwall Robert Mugabe