Sunday, April 27, 2008

The End of an Era of Hubris in Global Affairs

Jim Hoagland - No Cushion Against Hubris - washingtonpost.com
"...this is changing under our feet. The "golden moment" that enveloped the global economy for most of this decade is fading -- at least psychologically if not materially -- as we reach the end of an era of hubris in global affairs.

It is coming not just for Americans but for the populations of other developed economies. It is coming not just in U.S. military setbacks in the sands of Iraq and the mountains of Afghanistan but in a spreading lack of trust in the counting houses of Wall Street and the chanceries of the world's finance ministries.

And it is coming not just because President Bush will leave the White House next year, although that will help. The brash Texan has personified the global zeitgeist of his time: one of audacity curdling into hubris. He was elected to pursue a powerful nation's impulses and ambitions to be stronger and richer than any country in history, and he and his compatriots have pursued those dreams into the ditch. ...

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