For a long time many believed that there would be an automatic adjustment and counted on a rapid increase in the wages of the emerging nations, on our advances in technology and the costs of transport preventing disruption. But this reassuring analysis is out of date.
“We need to stop saying we can't rock this boat when it needs to be rocked.”
“People are not going to reelect Barack Obama. But will the new president govern as a real conservative? We're going to have to apply the heat to make sure.”