For most of the 20th century, Asia asked itself what it
could learn from the modem, innovating West. Now the question must be reversed:
what can the West’s overly indebted and sluggish (经济滞长的) nations learn from a
flourishing Asia Just a few decades ago, Asia’s two giants
were stagnating (停滞不前的) under faulty economic ideologies. However, once China
began embracing free-market reforms in the 1980s, followed by India in the
1990s, both countries achieved rapid growth. Crucially, as they opened up their
markets, they balanced market economy with sensible government direction. As the
Indian economist Amartya Sen has wisely said, "The invisible hand of the market
has often relied heavily on the visible hand of government."
Contrast this middle path with America and Europe, which have each gone
ideologically overboard in their own ways. Since the 1980s, America has been
increasingly clinging to the ideology of uncontrolled free markets and
dismissing the role of government—following Ronald Reagan’s idea that
"government is not the solution to our problem; government is the problem." Of
course, when the markets came crashing down in 2007, it was decisive government
intervention that saved the day. Despite this fact, many Americans are still
strongly opposed to "big government." If Americans could only
free themselves from their antigovernment doctrine, they would begin to see that
America’s problems are not insoluble. A few sensible federal measures could put
the country back on the right path. A simple consumption tax of, say, 5% would
significantly reduce the country’s huge government deficit without damaging
productivity. A small gasoline tax would help free America from its dependence
on oil imports and create incentives for green energy development. In the same
way, a significant reduction of wasteful agricultural subsidies could also lower
the deficit. But in order to take advantage of these common-sense solutions,
Americans will have to put aside their own attachment to the idea of smaller
government and less regulation. American politicians will have to develop the
courage to follow what is taught in all American public-policy schools, that
there are good taxes and bad taxes. Asian countries have embraced this wisdom,
and have built sound long-term fiscal (财政的) policies as a result.
Meanwhile, Europe has fallen prey to a different ideological trap: the
belief that European governments would always have infinite resources and could
continue borrowing as if there were no tomorrow. Unlike the Americans, who felt
that the markets knew best, the Europeans failed to anticipate how the markets
would react to their endless borrowing. Today, the European Union is creating a
$580 billion fund to ward off sovereign collapse. This will buy the EU time, but
it will not solve the bloc’s larger problem. What is the author’s suggestion to the American public in face of the
government deficit
A.They develop green energy to avoid dependence on oil import.
B.They urge the government to revise its existing public policies.
C.They put up with the inevitable sharp increase of different taxes.
D.They give up the idea of smaller government and less regulation.