I disagree with the following article's stance on stimulus spending, since I favor spending cuts over spending increases by government. However, near the end of the article, the author makes an interesting point....
http://www.thedailybeast.com/blogs-and- … s:archive6
Historians may also look back at 2010 as the first post-9/11 election in which fears of China loomed larger than fears of Al Qaeda. Given that China has stimulated its way out of recession and is set to pour even more government money into infrastructure, leaving America further behind, I doubt it will be the last. In his Senate victory speech, Republican megastar Marco Rubio announced that “America is the single greatest nation in all of human history. A place without equal in the history of all mankind” because “almost every other place in the world…what you were going to be when you grow up was determined for you.” Almost every other place in the world? From China to India to Brazil, hundreds of millions of people are rising economically in ways their parents could scarcely have imagined, in part because their governments are investing in infrastructure in the way the United States did in the late nineteenth century. The American dream of upward mobility is alive and well, just not in America. And rather than looking at what those other countries are doing right, the Republicans have taken refuge in an anti-government ideology premised on the lunatic notion that America is the only truly free and successful country in the world. That ideology won last night, and Keynesianism lost. Have a good day!
I'm not a Keynesian myself, but it is worth noting that elements of Keynesianism have worked quite well for a lot of the world.
At the same time, a lot of politicians like to pour on the nationalism with this exceptionalism idea.
As the thread title suggests: Is American exceptionalism actually a valid ideology, or is it just empty rhetoric and mindless nationalism?
http://www.thedailybeast.com/blogs-and- … s:archive6
Historians may also look back at 2010 as the first post-9/11 election in which fears of China loomed larger than fears of Al Qaeda. Given that China has stimulated its way out of recession and is set to pour even more government money into infrastructure, leaving America further behind, I doubt it will be the last. In his Senate victory speech, Republican megastar Marco Rubio announced that “America is the single greatest nation in all of human history. A place without equal in the history of all mankind” because “almost every other place in the world…what you were going to be when you grow up was determined for you.” Almost every other place in the world? From China to India to Brazil, hundreds of millions of people are rising economically in ways their parents could scarcely have imagined, in part because their governments are investing in infrastructure in the way the United States did in the late nineteenth century. The American dream of upward mobility is alive and well, just not in America. And rather than looking at what those other countries are doing right, the Republicans have taken refuge in an anti-government ideology premised on the lunatic notion that America is the only truly free and successful country in the world. That ideology won last night, and Keynesianism lost. Have a good day!
I'm not a Keynesian myself, but it is worth noting that elements of Keynesianism have worked quite well for a lot of the world.
At the same time, a lot of politicians like to pour on the nationalism with this exceptionalism idea.
As the thread title suggests: Is American exceptionalism actually a valid ideology, or is it just empty rhetoric and mindless nationalism?