The fate of "Market Fundamentalism" abroad

Every crisis comes to an end—and, bleak as things seem now, the current economic crisis too shall pass.
When the current crisis is over, the reputation of American-style capitalism will have taken a beating...

...The American economy will eventually recover, and so, too, up to a point, will our standing abroad. America was for a long time the most admired country in the world, and we are still the richest. Like it or not, our actions are subject to minute examination. Our successes are emulated. But our failures are looked upon with scorn...

Fantastic article by Nobel laureate Joseph E. Stiglitz