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Article: PAINFUL ECONOMIC CHANGES LEFT U.S. STRONGER; FREE-MARKET SYSTEM MADE NATION AN UNRIVALED FINANCIAL POWERHOUSE.(Editorial)(Editorial)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- April 26, 1999
CopyrightCOPYRIGHT 1999 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Joseph J Jacobs Local View
RELAXING aboard ship transiting the Panama Canal, I read the International Herald Tribune while marveling at the massive and effective engineering work that has enormously benefited the world economy for nearly a century. But a headline caught my eye, ``Pressure on Schroeder for Sweeping Changes.''
Having just written a column describing the dramatic collapse of ``Japan Inc.,'' I wondered if that other great international competitor, Germany, may be heading down a similar road. Sure enough, the signs are there.
Germany made a spectacular recovery after having been virtually destroyed in World War II. In a ...