America doesn’t have a culture of hype
An important reason U.S. gloom-and-doom is unjustified is that there is so much gloom-and-doom. Indians and Chinese, by contrast, have drunk their own Kool-Aid. Their moribund economies have barely kicked into action and they are entertaining dreams of being the next economic superpowers. That bespeaks a profound megalomania. There is not a culture of hope in these countries, as Giridhardas told Stewart, but a culture of hype.
An important reason U.S. gloom-and-doom is unjustified is that there is so much gloom-and-doom. Indians and Chinese, by contrast, have drunk their own Kool-Aid. Their moribund economies have barely kicked into action and they are entertaining dreams of being the next economic superpowers. That bespeaks a profound megalomania. There is not a culture of hope in these countries, as Giridhardas told Stewart, but a culture of hype.
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