Lack of Leadership Creates Reagan and Thatcher Nostalgia at Summer Davos

From Deepanshu Bagchee:

But what’s even more striking about this sense of déjà vu, is that the names of American President Ronald Reagan and British Prime Minister Margaret Thatcher – two leaders, who fought for freedom and rallied the West against Communist rule – were being invoked by a senior Chinese policymaker at the summer Davos in Dalian, China.

“The U.S. economy needs fundamental reforms, bigger reforms, bigger policy changes than President Reagan, Mrs. Thatcher. So these are fundamental things that people all over the world are looking for and so far unfortunately we don’t see it happening,” Li Daokui, an advisor to China’s central bank and a member of its monetary policy committee said at the meeting of business leaders and policymakers in China.

And this from Martin Sorrell, the CEO of WPP Group, referring to China’s current rise:

“We were in a similar position in the 80s when Japan was the force that everybody was talking about taking over from America,” Martin Sorrell, the CEO of WPP Group said referring to China’s current rise.

“If you look at what happened we had two leaders – one was President Reagan who literally rode to the rescue – and then we had Mrs. Thatcher in the UK, again controversial in terms of style and direction, but very firm leadership.”

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Quotes

“Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.”

— Ronald Reagan (1911 – 2004)

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