Vast industrial-age bureaucracies can't move fast enough. They're too far away from emerging markets and new technologies. Without a Cold War to wage or a national crisis to manage, the federal government has all but vanished from the public's mind.
Communism is dead.
The Defense Department can't even work out its mission in the new age of guerrilla Internet espionage. Big weapons systems don't work against global terrorism. About 45 per cent of adults are investing in stocks - almost all through these institutions. Alan Greenspan and 11 other people run the US economy. They're responsible for America's Roaring Nineties and for the Great Crash to come.