Monday, October 03, 2005

Newsflash: Michael Barone is Not Depressed

Michael Barone would like for us to know that despite appearances the world is not coming to an end:
A world spinning out of control: That is what the old-line broadcast networks seem to be showing us. But I see other patterns. George W. Bush has consistently asserted that one reason for removing Saddam Hussein's regime in Iraq was to advance freedom and democracy in the Middle East. In spite of the improvised explosive devices, that seems to be happening.
Lebanon's "Cedar Revolution" was as inspiring an example of people power as the fall of the Berlin Wall in 1989. Libya has dismantled its weapons of mass destruction. Egypt, by far the largest Arab nation, had its first contested election this month, and, as the Washington Post's David Ignatius writes from Cairo, "the power of the reform movement in the Arab world today ... is potent because it's coming from the Arab societies themselves and not just from democracy enthusiasts in Washington."
Which is evidence that Mr. Bush was right: Muslims and Arabs, like people everywhere, want liberty and self-rule. Afghanistan has just voted, and Iraq is about to vote a second time this year. Violence continues, but the more important story is that democracy and freedom are advancing.
The economy isn't so bad either:
Polls show that most Americans think the economy is in dreadful shape, even though almost all the numbers are good: Inflation and unemployment are low, and growth is robust despite the exogenous shocks of Sept. 11 and Katrina. After a generation of almost constant low-inflation economic growth, perhaps we Americans are only satisfied when we have bubble growth, as in the late 1990s, and are unimpressed when the American economy proves once again to be amazingly resilient.
This is all the more astonishing when you consider that we are going through a time of increased competition and change, as China and India, with 37 percent of the world's population, are transforming their economies from third world to first world. Such a large proportion of mankind moving rapidly upward has never happened before and will never happen again.
Couple this with the facts that Japan seems to be growing again, after 15 years of deflation, that East Asia and Eastern Europe continue to grow robustly, and that major Latin countries like Mexico and Brazil are growing as well, and the economic picture around the world looks pretty good, despite nongrowth in Western Europe and continued poverty in Africa.
But even if things are going well, isn't America hated around the world? By the elites and chattering classes of many countries, yes, and by much of the American elite and chattering class as well. But we are not competing in a popularity contest. In a unipolar world, the single superpower will always arouse envy and dislike.
The relevant question is if we can live safely in the world; the French may dislike us, but we can live comfortably with France. The recent Pew Trust polls showing diminishing support for Islamist terrorism in Muslim countries indicate things are moving in the right direction. The increasing weaving of China into the international economy suggests China may not be a military threat. A world spinning out of control? No, it is more like a world moving, with some backward steps, in the direction we want.

1 Comments:

Blogger IJ said...

"A world spinning out of control? No, it is more like a world moving, with some backward steps, in the direction we want."

That's one opinion. However the Institute for International Economics takes a wider view. The IIE thinks that political misbehaviour at national level is making the global economy unsustainable.

Suggested answer? An international conference took place last month. Essentially, it was recommended that the systematically important countries should direct their economies towards the perspective of the IMF.

12:30 PM  

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