The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.
In the domain of cops and robbers, an interdiction serves to structure a black market and a shadow economy.
However far back I go into my childhood, nothing seems to me more characteristic of, or more familiar in, my interior economy than the appetite or irresistible demand for some ‘Unique all-sufficing and necessary reality.’
Communism brought out the worst in human nature and crippled people’s ability or ambition to participate in a market economy.
But we can turn challenges into opportunities if we look outwards to the realities of the global economy and modernise our internal institutions in ways that will equip Europe to meet that challenge and create confidence amongst the public.
True security is based on people’s welfare – on a thriving economy, on strong public health and education programmes, and on fundamental respect for our common humanity. Development, peace, disarmament, reconciliation and justice are not separate from security; they help to underpin it.
There is no doubt that the world economy is in trouble. But if governments or individuals use this as an excuse to reduce assistance to the world’s poorest people, they will only multiply the seriousness of the problem for the world as a whole.
The public interest is not always the same as the national interest. Going to war with people who are not our enemy in places that are not a threat doesn’t make us safe, and that applies whether it’s in Iraq or on the Internet. The Internet is not the enemy. Our economy is not the enemy.
What I’m really worried about is war. Will the former rich countries really accept a completely changed world economy, and a shift of power away from where it has been the last 50 to 100 to 150 years, back to Asia?
At the heart of these challenges lies the question of how the institutions of the European Union make laws, the types of laws they pass and the effectiveness with which those laws are implemented on civil society and the economy.