Dec05
The first decade of the 21st century has brought us a series of major economic and geopolitical shocks: the dot-com bust, the Sept. 11 attacks on New York, the financial crisis led by the subprime meltdown, and just last week, a fresh bout of terrorist attacks in Mumbai that threatens to destabilize the very significant and growing economy of India.
The most worrisome implication of these successive events is that the world will tailspin into a fear psychosis and all the drivers of progress and prosperity–innovation, entrepreneurship, consumer confidence and reform–will get paralyzed…
