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The Long And Painful Journey To World Disorder By Martin Wolf Summary

584 Words3 Pages

After reading Martin Wolf's article, The Long and Painful Journey to World Disorder, allows for reflection. I believe that the people of America needs to wake up, to stop thinking about superficial and unnecessary matters, and to start taking concern in national and global matters. We must find solutions that are beneficial to the world's economy and most of all, actually do what we intend and promise. According to Wolf, "The first economic period ended in the great inflation of the 1970s. The second period ended with the western financial crisis of 2007-09. Between these two periods lay a time of economic turmoil and uncertainty, as is true again now. The main economic threat in the first period of transition was inflation. This time, it has …show more content…

The hopes of a brave new world of progress, harmony and democracy, raised by the market opening of the 1980s and the collapse of Soviet communism between 1989 and 1991, have turned into ashes". I too believe that we are capable of learning, but I believe that that was something that people from the past did. Rather than continuing to learn from past mistakes, we seem to be making the same mistakes again, halting America from economic growth and prosperity. According to Wolf, " Instead, a long period of poor income growth for most of the population, especially in the US, culminated, to almost everyone’s surprise, in the biggest financial and economic crisis since the 1930s...It has also, with the election of Donald Trump, torn a hole in the threadbare claims of US moral leadership". I agree with Wolf that although US, being a powerful and dominant nation, is not doing so well in terms of economy with the crises that have occurred in last few years. Also, I believe, like Wolf, that Americans' morality has been devolved with the election of Trump but within the year of 2016, I believe that Americans have lost their intellect as well, taking everything as a joke and not giving serious attention to problems that could destroy our America or even the world, such as climate

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