Global Risk

LAWRENCE B. LINDSEY

AT the start of this decade America and its allies stood victorious in their long battle in the Cold War. Capitalism and democracy were seen as the models of the twenty-first century. Countries around the world which had stood on the sidelines during the ideological struggle between systems rushed to implement domestic versions of these successful models. The result was the entry of hundreds of millions of new workers into the global capitalist system and an expansion of world trade, living standards, and freedom that is unparalleled in world history.

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LAWRENCE B. LINDSEY

AT the start of this decade America and its allies stood victorious in their long battle in the Cold War. Capitalism and democracy were seen as the models of the twenty-first century. Countries around the world which had stood on the sidelines during the ideological struggle between systems rushed to implement domestic versions of these successful models. The result was the entry of hundreds of millions of new workers into the global capitalist system and an expansion of world trade, living standards, and freedom that is unparalleled in world history.