Buy Manual Buy CD Download EBook Attend Seminar
How to use this website
FAQ
In response to...
Articles
Book Reviews
Required Reading
Online Brokers
Charting Websites
News/Info Websites
Bearish Websites
Media
Wall Street Inanities
Simplespread Problems
The Investor's Quiz
Glossary
Resources
Press Releases
 

 

 
   

The underlying philosophy of David Brooks' op-ed piece here explains so much of American history, and also why, as Neil Diamond sang, "They're Coming to America." As you read this, you can almost hear the anthem growing louder. No wonder we're known around the world as naive optimists. But without this can-do attitude, wouldn't we all still be living in the caves? Thankfully, enough dreamers over the centuries had the strength to "dream the impossible dream" (with apologies to Don Quixote).

 

The New York Times  

May 18, 2004
OP-ED COLUMNIST

In Iraq, America's Shakeout Moment

By DAVID BROOKS

There's something about our venture into Iraq that is inspiringly, painfully, embarrassingly and quintessentially American.

No other nation would have been hopeful enough to try to evangelize for democracy across the Middle East. No other nation would have been naïve enough to do it this badly. No other nation would be adaptable enough to recover from its own innocence and muddle its way to success, as I suspect we are about to do.

American history sometimes seems to be the same story repeated over and over again. Some group of big-dreaming but foolhardy adventurers head out to eradicate some evil and to realize some golden future. They get halfway along their journey and find they are unprepared for the harsh reality they suddenly face. It's too late to turn back, so they reinvent their mission. They toss out illusions and adopt an almost desperate pragmatism. They never do realize the utopia they initially dreamed about, but they do build something better than what came before. (my italics and underlining)

This basic pattern has marked our national style from the moment British colonists landed on North American shores. Overly optimistic about the conditions they would find, the colonists were woefully undercapitalized, underequipped and underskilled. At Jamestown, there were three gentlemen and gentlemen's servants for every skilled laborer. They didn't bother to plant enough grain to see them through the winter.

But they learned and adapted. Settlement companies were compelled to send more workers, along with axes, chisels, scythes, millstones and seeds. Eventually the colonies thrived.

Centuries later, it was much the same. The guides who aided and fleeced the pioneers who moved West were struck by how clueless many of them were about the wilderness they were entering. Their diaries show that many thought they could establish genteel New England-style villages in short order. They leapt before they looked, faced the shock of reality, adapted and cobbled together something unexpected.

And it is that way today. We are tricked by hope into starting companies, beginning books, immigrating to this country and investing in telecom networks. The challenges turn out to be tougher than we imagined. Our excessive optimism is exposed. New skills are demanded. But nothing important was ever begun in a prudential frame of mind.

Hope begets disappointment, and we are now in a moment of disappointment when it comes to Iraq. During these shakeout moments, the naysayers get to gloat while the rest of us despair, lacerate ourselves, second-guess those in charge and look at things anew. But this very process of self-criticism is the precondition for the second wind, the grubbier, less illusioned effort that often enough leads to some acceptable outcome.

Today in Iraq local commanders seem to be allowed to try anything. We are allowing former Baathists to man a Falluja Brigade to police their own city. We are pounding Moktada al-Sadr while negotiating with him. There is talk of moving up elections so when an Iraqi official is assassinated, he is not seen as a person working with the U.S., but as a duly elected representative of the Iraqi people.

Some of these policies seem incoherent, but they may work. And back home a new mood has taken over part of the political class. The emerging responsible faction has no time now for the witless applause lines the jeering jackdaws on left and right repeat to themselves to their own perpetual self-admiration and delight. Even in a political year, most politicians do not want this country to fail.

There are, for example, members of Congress from both parties who feel estranged from this administration. They feel it does not listen to their ideas. But in this troubled hour, they are desperate to help. If but a call were made, they would burst forth with intelligent suggestions: about Iraq, about political tactics, about getting additional appropriations.

Remember, the most untrue truism in human history is that there are no second acts in American life. In reality, there is nothing but second acts. There are shakeout moments and, redundantly, new beginnings. The weeks until June 30 are bound to be awful, but we may be at the start of a new beginning now.

This article can be found at:
www.nytimes.com/2004/05/18/
opinion/18BROO.html?n=Top%2fOpinion%2fEditorials
%20and%20Op%2Ed%2fOp%2fColymnists%fDavid%
20Brooks

 

 

Disclaimer

Simplespread.com (The Simplespread Strategy™) is an educational website, not a registered investment advisory service, and therefore does not give investment advice. Neither the information contained herein nor the opinions expressed throughout this website constitute a recommendation to purchase or sell any types of securities. References and illustrations using stocks and call options are for demonstration purposes only. Neither the author nor publisher have financial interest in any securities used for demonstration purposes. All information and data are taken from sources believed to be credible but accuracy cannot be guaranteed. Both stocks and options involve considerable financial risk and are not suitable for many investors. Any funds placed at risk can lose real money. Consult your financial consultant, advisor, broker, banker, lawyer, accountant, psychologist, or other professional before committing funds to any investment. As in any learning experience, confirm the facts and theories on your own prior to embarking upon any at-risk investment program.