[T]he world's most successful economy, ours -- which is the only one that has produced reliable economic growth for three decades and has lifted real personal incomes almost every year -- is going to subject itself to the burden of justifying its own economic policies in front of a global community of 20 nations, some of which do not even embrace free-market economies in the first place.
Indeed, it is only through access to our markets that nations have been able to escape poverty. Japan, Germany, South Korea, Taiwan, Singapore, China and India have sequentially trod this path into prosperity.
Obviously, we live in a global economy. But the United States is 24 percent of it. We are entitled to more than one-twentieth of a voice, and it is the world that should be following our policies -- not the other way around.
Wednesday, September 30, 2009
Dick Morris and Eileen McGann write that the U.S. gave away some of its economic sovereignty at the recent G-20 summit: