Skip to main content

economics

The Next Century—Can the Free Market Panacea Survice?

On both the political and economic fronts American foreign policy has been on an uneven track of stumbles and reversals. On the political front the stumbles—Bosnia, Somalia, Haiti—have been the most visible but in many ways the most excusable. In each case the United States has been locked into commitments to the United Nations and its allies to consult first and abstain from unilateral action. The problems in Bosnia and Somalia have been just as intractable for the Europeans.