The Testing Time

Every few years, the world seems to face a new testing time. After Sept. 11, leaders had to figure out how to respond to Islamic extremism. Now we face another test. Today, leaders around the world have to figure out how to stabilize economies amid volatile global capital flows.

David Brooks

Times columnists David Brooks and Gail Collins discuss the 2008 presidential race.

This test is rooted in a global shift in economic power. The rise of China, the vast wealth of the petro-powers and easy monetary policies created an ocean of excess savings that had no obvious place to go.

(Click Here to Comment on All RCP Articles)