In the midst of the longest economic expansion in the historyof the world--and the greatest episode of individual wealth creation--a record number of people are going bankrupt.
And what has made it possible to harness the incredible productive capacity of the American people -- the greatest economic force in the historyof the world -- has been a free market where people can pursue their dreams, their goals and their happiness, and where you can take charge of your own destiny.
"The Annual Meeting 2009 is one of the most crucial in the near 40-year historyof the WorldEconomic Forum, " WEF founder Klaus Schwab told journalists on Wednesday.
George Osborne's preference for punting on the housing market rather than on small companies may be the prudent course of action to take, based on the country's economichistory since the Second World War.