Monday, June 09, 2008
Reference: Global viewpoint, Bangkok Post, June 8, 2008
Ever since America ascended, it has been predicted with some regularity, particularly in times of economic shocks, that it will soon decline; and these predictions continue to this day (Global viewpoint, Bangkok Post, June 8, 2008). And yet America hasn't declined. The failure of these predictions may have to do with innovation. It is something that America does particularly well and something that fundamentally alters the equations that pundits use to make their forecasts of doom.