Abstract

world financial crisis provides an opportunity to rethink the way forward to freedom and prosperity all over the planet, in richer countries as well as in poorer ones. The essential meaning of the crisis is that in an age of financial volatility, scarcity, and skepticism, most countries will have to walk on their own legs more than their governments and elites had wanted or expected. In societies as different as Russia and Brazil, the call has gone out for a mobilization of national resources. The global capital market has been revealed as no savior, and the plain truth that countries must first help themselves in order to profit from help from abroad has been painfully driven home.

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