It's a good example of the tension between wanting a livelier Singapore and maintaining control. Clearly, says Tay, foreigners may imitate Americans, but that doesn't mean they automatically become like them. This, he concludes, may help preserve Singapore's own cultural traditions as it integrates American ones. But that isn't likely. The global capitalist crisis paradoxically reinforces the power of the United States.
Foreign assets are cheaper than they've been in decades.
As the century comes to an end, U.S. power stands at a new pinnacle, only this time victory isn't measured in the defeat of an ideological foe but in the influence gained over the world's wealth, culture, and individual identity. All letters to the editor are for publication and may be edited for space and clarity. All Rights Reserved .