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Updated: June 15, 2025
Undaunted by mounting evidence of market failures for instance to provide affordable and plentiful public goods this flawed theory returned with a vengeance in the last two decades of the past century. Privatization, deregulation, and self-regulation became faddish buzzwords and part of a global consensus propagated by both commercial banks and multilateral lenders.
When George Washington first took the oath I have just sworn to uphold, news travelled slowly across the land by horseback, and across the ocean by boat. Now the sights and sounds of this ceremony are broadcast instantaneously to billions around the world. Communications and commerce are global. Investment is mobile. Technology is almost magical, and ambition for a better life is now universal.
Third, we will strive to resolve pressing international economic problems, particularly energy and inflation, and continue to pursue our still larger objective of global economic growth through expanded trade and development assistance and through the preservation of an open multilateral trading system.
The American Bahá’í Community has, ever since the launching of the global Spiritual Crusade, in which it has been assigned the lion’s share in view of the primacy conferred upon it by ‘Abdu’l-Bahá, exerted itself, in numerous and widely scattered areas of the globe, with commendable perseverance, a high sense of undeviating loyalty and exemplary consecration.
Now, as during the last 3 1/2 decades, the relationship between our country, the United States of America, and the Soviet Union is the most critical factor in determining whether the world will live at peace or be engulfed in global conflict. Since the end of the Second World War, America has led other nations in meeting the challenge of mounting Soviet power.
It is wrong and ultimately self-defeating for a nation of immigrants to permit the kind of abuse of our immigration laws we have seen in recent years, and we must do more to stop it. The most important job of our Government in this new era is to empower the American people to succeed in the global economy.
As we enter the 21st century, the global economy requires us to seek opportunity not just at home, but in all the markets of the world. We must shape this global economy, not shrink from it.
The confluence of several technologies, including all aspects of stealth aircraft, satellite global positioning, improved weapon targeting and terminal guidance, cruise missile technology, space relayed command & control, real-time surveillance from space, the introduction of JSTARS, and massive application of night vision techniques, are the first phase of these changes.
The protection of the lives and property of Americans from foreign enemies is one of my primary responsibilities as President. In a world of instant communications and intercontinental ballistic missiles, in a world economy that is global and interdependent, our relations with other nations become more, not less, important to the lives of Americans.
We must give parents the tools they need to help protect their children from inappropriate material on the Net, but we also must make sure that we protect the exploding, global commercial potential of the Internet. We can do the kinds of things that we need to do and still protect our kids. For one thing, I ask Congress to step up support for building the next generation Internet.
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