Colorado Springs, CO (PRWEB) January 24, 2008
Carl Delfeld, President of the global investment firm, Chartwell Partners and Chairman of the think tank Chartwell America, has released a speech; "A Call to Economic Arms: A Blueprint to Meet the Rising Challenge from Asia".
In his speech which is attached, Delfeld lays out the nature of the challenge and the economic reforms needed to keep America on top.
"History shows that great countries and civilizations fail due to one or more of three shortcomings: a lack of fiscal discipline, a culture that does not promote openness, scientific innovation or the common good, and a foreign policy not grounded in the national interest and executed at the extremes of isolationism or foreign interventionism.
America has been blessed by geography, ample natural resources and a free form of government that allows it to be strong, secure and independent even as it participates fully in the global marketplace.
But America needs a spurt of creativity and growth that resembles the period in the early 20th century when it first became a dominant player on the global economic stage.
America is still the fastest-growing of the large industrialized economies. More than 700 of the world's largest 2,000 companies are headquartered in America and we also lead in global entrepreneurship. The vitality of the American economy is highlighted by the fact that only twenty of the current Fortune 100 companies were even around in 1980. Very importantly, we still have the deepest and most liquid capital markets in the world.
While America still leads, the evidence is clear that the world is filling in and other countries are catching up rapidly."
Delfeld believes that the current turmoil in financial markets and the increasing focus on economic issues by the presidential candidates is an apt time to put Chartwell America's agenda on the table.
Chartwell America's agenda includes a simple and fair and flat tax, federal spending caps, shifting foreign economic policy focus to Asia, a forward leaning trade policy which opens markets, credit card reform, a realistic view of China's intentions, maintaining global financial leadership, energy independence, bringing education into the 21st century and corporate reform to maintain faith in our free enterprise system.
Delfeld closes with these words to skeptics that this agenda is too ambitious.
"Perhaps some will say that these reforms are too ambitious and unrealistic but think of the challenges that faced our newborn nation and they pale in comparison. Our first and best Treasury Secretary Alexander Hamilton oozed with ambition, energy and imagination.
As the architect of America's corporate free enterprise system, Hamilton laid its foundation by building a national currency, establishing property rights, a system of public credit, a tax and customs system not to mention a comprehensive proposal for our first central bank. All of this in fifteen months! Mr. Hamilton looked ahead and saw the America we enjoy today."
Delfeld is Managing Director of the global investment advisory firm Chartwell Partners Wealth Management. He is a columnist on global investing with and Forbes Asia. He is the author of "Think Global, Grow Rich", the "The New Global Investor" and "ETF Investing Around the World". He served on the Executive Board of Directors of the Asian Development Bank in Manila, Philippines, served as an Asian specialist on the U.S. Joint Economic Committee, was a consultant to the U.S. Treasury, and was a member of the U.S. - Pacific Economic Cooperation Committee.