In the age of knowledge and global socioeconomic exchange, goodwill and trade relations are far important to national prosperity and stability than land or military power. Socioeconomic systems that are built on exclusive ideologies, religious or ethnic purities are breeding grounds for extremism and will eventually lead to civil and international conflicts. Those countries must change or fail.
Inflation is a force of pressure. If the socioeconomic system of a country is open and democratic, the pressure will dissipate via elections and peaceful change of government. On the other hand, if the system is closed, it might be able to contain the pressure for a while, but the pressure will continue to build up and at a certain point it will exceed the strength of the system causing it to crack. Rulers who learn from history and create a socioeconomic system that is open will achieve stability and continuity. Those who fight against these socioeconomic forces may win some battles in the short term, but they will lose the war.
Neo I know you're out there. I can feel you now. I know that you're afraid... afraid of us. You're afraid of change. I don't know the future. I didn't come here to tell you how this is going to end. I came here to tell how it's going to begin. I'm going to hang up this phone, and then show these people what you don't want them to see. I'm going to show them a world without you. A world without rules or controls, borders or boundaries. A world where anything is possible. Where we go from there is a choice I leave to you.
Physics does not change the nature of the world it studies, and no science of behavior can change the essential nature of man, even though both sciences yield technologies with a vast power to manipulate their subject matters.
The longer I live, the more I realize the impact of attitude on life. Attitude to me is more important than facts.... We cannot change our past...we cannot change the fact that people will act in a certain way. We cannot change the inevitable. The only thing we can do is play on the string we have, and that is our attitude. I am convinced that life is 10 percent what happens to me and 90 percent how I react to it. And so it is with you... we are in charge of our attitudes.
There globalization of trade, knowledge, innovation, industrialization and entrepreneurial culture is increasing at a rapid rate and the net result is more distribution of wealth and power. A new world order is imminent. The countries that succeed will be those with better socioeconomic policies, more cash, natural resources and creativity. The US can embrace this change and compete or we can resist it and lose.