Thought of the day

Yes, things are going badly for the country. But should they? We will never know, unfortunately.

My sense, however, is that we have an administration --with a capable president and superb staff -- that had the idea since the beginning to change the social landscape of the country. Their assumption was that the economy would take care of itself.

In fact, this was not the case. Quite the opposite. The main focus, in my humble opinion, should have been to strengthen the economy first. Then, as we were creating wealth, redistribute it with equanimity among all of us.

A great country, a great power, a great army, great social programs are justified only if the economy is strong. I learned this simple concept in a marvellous book -- The Rise and Fall of Great Powers. The alternative is the fall of the great power submerged by corruption and by financial problems.

Have a good day.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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