More importantly, the economic evolution of places such as China and the Gulf states of the Middle East is intimately tied to something so simple and so essential that it is easily overlooked: the belief that they can achieve anything.

That used to be the defining feature of this country, one that peoples throughout the world marveled at and envied.

The national inertia is so pervasive nowadays, and the
economic challenges that China and India present, I
have to wonder if they could replace us on the global
market place within a decade or so. We have to rid our-
selves of the insane regulation and taxation on our market economy.