Magazine
Latest Issue

Power’s world: America’s fading military dreams

By Jonathan Power  

As said Mr Micawber: “Annual income twenty pounds, annual expenditure nineteen, nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds, nought and six, result misery.” If you can get past the Dickensian way of counting then there is a message for the US today. It no longer has the financial wherewithal to do what it wants to do.

If Barack Obama wins the election he has pledged to bring in a major reform of the health services and he has promised to cut the tax rate for the middle and working classes. He wants to expand…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect