America's place in the world, our leadership place in the world, is derived in many respects from the character of our people. It is derived in large measure from the nature and the beauty of our Constitution; but it is also derived in no small manner from our wealth, from our economy, the strength of our economy. Our wealth as a Nation is the wealth that produced the military apparatus that fought wars and preserved democracy, that overcame Communism, that just liberated Afghanistan. Our wealth as a Nation is the wealth that is used to pull people from poverty into middle-class luxuries. Our wealth as a Nation is the wealth that enables us to find cures for diseases. Also, our wealth is derived from our marketplace. Our wealth is derived because our marketplace is extraordinary in its ability to allow Americans to use their savings, and we are not good at savings in this country. Compared to the rest of the world, we save very little. But our marketplace is so efficient that the relatively meager savings of America can be used in the marketplace so that investment goes to the most productive companies and to the brightest ideas.
Editor's note · Context
Discussing the importance of America's wealth and economy in relation to its global leadership.
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