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Sunday, July 17, 2011

Thomas Friedman: The Clash of Generations

Thomas L. FriedmanWhen the cold war ended, we thought we were going to have a clash of civilizations. It turns out we’re having a clash of generations. The baby boomers (my generation) will be remembered most for the incredible bounty and freedom it received from its parents and the incredible debt burden and constraints it left on its kids. Now the hole is too deep and the baby boomer politicians in the age of Twitter may not be up to addressing problems this big: for them no crisis is too serious to set aside political ambition and ideology. Meanwhile China has been buying Spanish, Portuguese and Greek bonds to help stabilize these Chinese export markets. And what happens next will follow the Golden Rule: he who has the gold sets the rules.

Tom Friedman in NY Times:

(Zoon Politikon)



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