The America Economic Crisis Of 2009/2010: Three Pillars Of American Strength That Will Lead To Recovery

The notion of the Fall of the American Empire (Wojtowicz, 1993) is equivalent to the Peter Principal in that positive realization will always prevail over the negative perspective. Wojtowicz (1993) contends that Isaac Asimov wrote his foundation stories to show that every empire, even the most powerful one, has to fall eventually. Lawrence Peter (1984), an educator and hierarchiologist, argued that each manager will rise to the level in which he or she will fail. Inevitably, the Peter Principal failed because it placed a negative connotation on managerial growth. The same thing holds true with the Failure of the American Empire. America cannot fail because while there are many foundations of strength that has held America together since the American Revolution, there are three pillars that will help America continue to prosper. The three pillars are the strength of the military, the excellent education system, and the spirit of democracy that has led to capitalism. The spirit of democracy as Abraham Lincoln exemplifies as “A government of people, by the people, for the people,” has kept America vibrant and open for people to rise to the highest office in the free world (Powell and Powell, 1918). In the philosophical Age of Enlightenment, John Locke, a puritan in the England of Cromwell, put forth a new civil order: law based on reason, a government deriving its power from the governed, liberty to pursue individual goals as a natural right, and private property and its use in the pursuit of happiness (Wren and Bedian, 2009). These four ideas provide the bases of how our founders designed the America of today. This paper provides an overview of the three pillars that will influence the economic recovery of America in a positive way