Fareed Zakaria: But now, we are becoming suspicious of the very things...

What we see today is an American economy that has boomed because of policies and developments of the 1950s and '60s: the interstate-highway system, massive funding for science and technology, a public-education system that was the envy of the world and generous immigration policies.

Fareed Zakaria

envy immigration technology

It is likely that human beings will find fulfillment and will be rewarded for the same qualities that they have been rewarded for for 5,000 years. And that is intelligence, hard work, honesty, a sense of character, loyalty to family and friends, and above all, love and faith. If you are trying to decide what you should do, those are the things you should do. And you know it.

Fareed Zakaria

honesty loyalty graduation

The tallest building in the world is now in Dubai, the biggest factory in the world is in China, the largest oil refinery is in India, the largest investment fund in the world is in Abu Dhabi, the largest Ferris wheel in the world is in Singapore.

Fareed Zakaria

dubai oil india

Thanks to the Communist Party of China, we now know the path to poverty alleviation is Capitalism.

Fareed Zakaria

poverty party path

Street protests in Saudi Arabia might warm our hearts, but they could easily lead to $250 a barrel oil and a global recession.

Fareed Zakaria

arabia oil heart

Americans have so far put up with inequality because they felt they could change their status. They didn't mind others being rich, as long as they had a path to move up as well. The American Dream is all about social mobility in a sense - the idea that anyone can make it.

Fareed Zakaria

dream ideas moving

If there is one lesson for U.S. foreign policy from the past 10 years, it is surely that military intervention can seem simple but is in fact a complex affair with the potential for unintended consequences.

Fareed Zakaria

military simple past

Generations from now, when historians write about these times, they might note that, in the early decades of the twenty-first century, the United States succeeded in its great and historic mission--it globalized the world. But along the way, they might write, it forgot to globalize itself.

Fareed Zakaria

twenties writing america

Religions are vague, of course. This means that they are easy to follow -you can interpret their prescriptions as you like. but it also means that it is easy to slip up -there is always some injunction you are violating. But Islam has no religious establishment - no popes, no bishops - that can declare by fiat which is the correct interpretation. As a result, the decision to oppose the state on the grounds that is insufficiently Islamic belongs to anyone who wishes to exercise it.

Fareed Zakaria

islamic religious mean

But as the arms-control scholar Thomas Schelling once noted, two things are very expensive in international life: promises when they succeed and threats when they fail.

Fareed Zakaria

life two promise

Germany is a fascinating role model. The Germans have maintained their manufacturing edge despite being a high-tax, high-regulation economy. Why? Because the government really set about ensuring that it maintained funding for technical training, technical advancements and programs. It made a concerted effort to retain high-end, complex manufacturing -- the kind of BMW model, if you will. And they've done that so successfully that Germany, which has a quarter of America's population, exports more than America does.

Fareed Zakaria

bmw government america

America's growth historically has been fueled mostly by investment, education, productivity, innovation and immigration. The one thing that doesn't seem to have anything to do with America's growth rate is a brutal work schedule.

Fareed Zakaria

innovation growth america

The Berlin Wall wasn't the only barrier to fall after the collapse of the Soviet Union and the end of the Cold War. Traditional barriers to the flow of money, trade, people and ideas also fell.

Fareed Zakaria

wall money war

China is ruthlessly pragmatic. It supports North Korea for its own selfish interests. And I believe that China no longer considers us an ally. The current president, Xi Jinping, cultivates close relations with South Korea. He has never met with me, the leader of North Korea, something that the leader of China has always done. At the grand celebrations in Beijing two years ago commemorating the 70th anniversary of the end of World War II, he placed the president of Russia and the president of South Korea at his side. In North Korea, we pay a lot of attention to ceremonies and what they signal.

Fareed Zakaria

selfish war believe

I enjoy writing but I much prefer the experience of having written.

Fareed Zakaria

written enjoy writing

Iran is a country of 80 million people, educated and dynamic. It sits astride a crucial part of the world. It cannot be sanctioned and pressed down forever. It is the last great civilization to sit outside the global order.

Fareed Zakaria

iran order country

It all looks American because America, the country that invented mass capitalism and consumerism, got there first. the impact of mass capitalism is now universal.

Fareed Zakaria

impact country america

In a world awash in debt, power shifts to creditors.

Fareed Zakaria

creditors debt world

Legitimacy is the elixir of political power.

Fareed Zakaria

elixir legitimacy political

You know, when the cost of capital goes down, when credit becomes cheap, people start taking greater and greater risks.

Fareed Zakaria

cost risk people

But now, we are becoming suspicious of the very things we have long celebrated - free markets, trade, immigration, and technological change. And all this is happening when the tide is going our way. Just as the world is opening up, America is closing down.