Insurgents have capitalized on popular resentment and anger towards the United States and the Iraqi government to build their own political financial and military support and the faith of Iraqi citizens in their new government has been severely undermined.

Back in the days when the market was a kind of secular god and all the world thrilled to behold the amazing powers of private capital the idea of privatizing highways and airports and other bits of our transportation infrastructure made a certain kind of sense.

I believe in capitalism for everybody not necessarily high finance but capitalism that works for the working men and women of this country who are out there paddling alone in America right now.

Smart businesses do not look at labor costs alone anymore. They do look at market access transportation telecommunications infrastructure and the education and skill level of the workforce the development of capital and the regulatory market.

Worse there cannot be a better I believe there may be by giving energy to the capital and skill of the country to produce exports by increasing which alone can we flatter ourselves with the prospect of finding employment for that part of our population now unemployed.

Just as a cautious businessman avoids investing all his capital in one concern so wisdom would probably admonish us also not to anticipate all our happiness from one quarter alone.

No employer today is independent of those about him. He cannot succeed alone no matter how great his ability or capital. Business today is more than ever a question of cooperation.