FT: Americans Living in Denial Over Economic Future

Tuesday, 10 May 2011 08:54 AM

By Julie Crawshaw

U.S. workers have been led to believe that a mixture of domestic stimulus and gradual entitlement reform will create long-term sustainable jobs in the industries in which they currently work, but that just isn't so, says Kishore Mahbubani, Dean of the Lee Kuan Yew School of Public Policy at National University of Singapore.

"The idea that the U.S. too may have to adapt to new global economic realities seems almost inconceivable to Americans," Mahbubani writes in the Financial Times.

“Most Americans assume that, in the end, all will be well,â€