America's political system, especially as it has evolved in recent times, almost guarantees an absence of strategic thinking at the federal level.
Government leaders react to current events piecemeal, rather than developing a strategy that unfolds over years.
Congress and the Executive Branch are organized around discrete policy areas, not around the overall goal of improving competitiveness.
Neither candidate has put forward anything close to a strategy; rather, each has presented a set of disconnected policy proposals with political appeal.
Both parties contribute to the problem by approaching the economy with long-held ideologies and policy positions, many of which no longer fit with today's reality.
Now is the moment when the US needs to break this cycle. The American economy has performed remarkably well, but our continued competitiveness has become fragile.
Image: A trader talks on his cell phone outside the New York Stock Exchange. | Photograph: Don Emmert/AFP/Getty Images
Also read: America's largest bankruptcies
Powered by 
| Live updates on money.rediff.com |
|
Advertisement
