There Is a Silver Lining | Print Article

Newsweek by Fareed Zakaria | Oct. 20, 2008 (Opinion)

It's a fundamental American belief that competition is good—in business, athletics and life. Checks and balances are James Madison's crucial mechanisms, exposing and countering abuse and arrogance and forcing discipline on people. This discipline will be painful for a country that has gotten used to having it all. But it will make us much stronger in the long run. If we can learn the right lessons from this crisis, the United States will once more be ... Full Story »

Posted by Walter Cox

See All Reviews »

View

Review

Walter Cox
4.1
 by Walter Cox - Oct. 20, 2008

Fareed Zakaria lays out an effective case for optimism as the United States faces an enormous dislocation in its economic assumptions. He is particularly effective in describing the escalating culture of risk-taking that took hold of financial institutions, initially in the United States then worldwide. And he debunks fears that a Democratic administration will be prone to making the problem worse, pointing out that all of Obama's advisers are committed fiscal conservatives. Finally he cites the need for worldwide co-operation in solving the economic crisis, and the opportunity for using this co-operative base to enhance international relations in general. Definitely worth reading, and let's hope Zakaria's optimism turns out to be prophetic.

Walter posted this story.

See All Reviews »

Walter's Rating

Overall
4.1

Good
from 18 answers
Quality
4.0
Facts
4.0
Fairness
4.0
Information
4.0
Insight
4.0
Style
4.0
Accuracy
5.0
Balance
4.0
Context
4.0
Depth
3.0
Enterprise
3.0
Expertise
4.0
Originality
3.0
Relevance
5.0
Transparency
4.0
Responsibility
4.0
Popularity
4.5
Recommendation
5.0
Credibility
4.0
More How our ratings work »