Word: freedoms
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...future of U.S. politics has become clearer in the past few weeks: we are about to have a major debate over the relative merits of economic freedom and economic security. It could be an ugly, simplistic and demagogic debate, as we have seen in the Dubai Ports controversy. Or it could be a much needed discussion about how the U.S. should respond to the impact of globalization on domestic economic stability, homeland security and foreign policy. Fat chance of the latter, you say, and you're probably right-but there are real issues beneath the bluster. And the nation...
...years. This has been an extremely successful political strategy, and it rests on a basic truth: capitalism is the best way to create prosperity. But the strategy frays when taken to its extreme: the more untrammeled the capitalism, the greater the inequities. And with George W. Bush as freedom's ultimate exemplar, the G.O.P. has refused to acknowledge the new playing field-the severe dislocations and vexing security questions-created by a freewheeling global economy. But the Bush view has taken a serious hit in the Dubai Ports controversy. The Republicans have shattered over foreign ownership of American assets. They...
...wage insurance, which would soften the blow for laid-off workers forced to take lower-paying jobs, and a turbo-charged government effort to promote new industries (like alternative fuels) to provide high-paying jobs. These ideas would cost money and demand higher taxes, which horrifies the economic-freedom crowd. They also don't address foreign ownership of U.S. assets. Still, if middle-class Americans began to feel a bit more secure about their own lives, they might be willing to look at the rest of the world-and controversies like the Dubai Ports deal-less emotionally...
...Take, for a huge example, creating a single European market for energy, a prize that has been on the agenda for years. Once dominated by national gas and electricity monopolies, the E.U. is pushing to open energy markets. By next year, almost all households and businesses will have the freedom to shop around for a power supplier. "An open and competitive single E.U. market is crucial" if businesses are to compete and consumers thrive, Brussels' Competition Commissioner Neelie Kroes declared last month. Now if only everyone could agree on how to get there. There is no shortage of European energy...
...more explosive political challenge. Not only does Pope Benedict XVI not have first-hand experience "behind the lines" in a Muslim society, like John Paul's background in Krakow, but the reach of his words may be inherently limited. Rather than facing a godless society's attack on the freedom to believe, Islamic terrorism presents a warped interpretation of a competing faith...