Is the Spirit of Reagan & Thatcher Doomed?
The political philosophies espoused by former leaders Ronald Reagan and Margaret Thatcher will wither and die as the West watches its financial and political power ebb away to the East, according to HSBC’s chief economist.
In his new book “Losing Control, The Emerging Threats to Western Prosperity,” HSBC’s Stephen King argues that the growing might of China, India and the other emerging nations has killed off the assumption of continuously improving living standards for those in the United States and Western Europe.
Posted on April 20, 2010
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