The currentgenerationof home-aloners came of age duringEurope's shiftfromsocialdemocracyto thesharper, moreindividualistic climate of American-stylecapitalism.
Malaysia's Mahathir Mohamad appeared to get away with a form of it during the Asian financial crisis of the late 1990s when he divorced his currency from the capital markets. ("Hot money" is a particular bane of contemporary go-it-aloners.) Now Thailand's Thaksin Shinawatra is getting credited, even in sophisticated circles, with galvanizing his country's recovery through internal demand.