These factors are rapidly fuming China, the ultimate labor resource, into a giant replica of the Asian Tiger economy. They have failed, for instance, to see the dark portents behind President Clinton's willingness to seek campaign contributions from Indonesian billionaires and Chinese corporations. If Arkansas, which looks suspiciously like a center of third world development within the United States, is the economic and political model stuck inside our President's head, then we are already in trouble. If ever a permanent inequality of conditions and aristocracy again penetrate the world, it may be predicted that this is the gate by which they will enter. The citizens of the United States need to restrain the single-minded accumulation of private capital, invest in strong public institutions, and give human values some room to thrive.
Real democracy requires that the people find ways to share wealth and power.
As the repositories of immense wealth and I technical expertise, the rich nations of the North ought to promote peaceful and fair development rather than unleash free-market chaos throughout the rest of the world.