In September 2007, Alan Greenspan released a new book called “The Age of Turbulence: Adventures in a New World.” The book topped best-seller lists on Amazon.com and Barnes & Noble.
The book came at the heals of another hot topic, Constitution Day. This year marks the 220th anniversary of the signing of the U.S. Constitution.
Is there a divide between the economy and the political system or government infrastructure? How will Greenspan’s new book affect the economy?

It is odd that with a U.S. Constitution that advocates freedoms, capitalism is not promoted as much in the U.S. as in other countries, where the government withholds many freedoms. For instance, in China, though the government takes control of many aspects of speech, such as what news people can read on the Internet, the capitalism is seen throughout everyday life. For instance, anytime someone buys something, even fruit or the simplest items, they are expected to bargain on the price. In the U.S., there are some items where negotiating is the norm such as the purchase of a car, but many do not think to go to the supermarket to bargain on the price of coffee or milk. Another example would be New Zealand, where some of the airports are run by private companies and require passengers to pay fees when they leave the country, as opposed to the airports in the U.S. where the residents get taxed for the upkeep of airports.
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