• / Free eNewsletters & Magazine
  • / My Account
Home>UPDATE: The fix America needs won't come from Washington

UPDATE: The fix America needs won't come from Washington

UPDATE: The fix America needs won't come from Washington


By Darrell Delamaide, MarketWatch

In the U.S., as in Europe, corrupted mainstream parties stand in the way of progress

WASHINGTON (MarketWatch) -- Washington will not fix the problems America has. Washington is part of the problem.

This paraphrase of Ronald Reagan's dictum doesn't mean the same thing the former president intended. Government, his bugaboo in his first inaugural address, can be a positive factor in our welfare. In fact, government has an essential role to play.

But the cesspool that Washington has become isn't government much of the time. While there are many hard-working, idealistic people in all branches of federal government, and even among our politicians, the system has been so corrupted that it has become inimical to our interests in many ways.

After nearly 10 years of trying to bring some perspective to the political scenes in Washington and in Europe, I am retiring from this column. While it has often been frustrating to try making sense of some of it, it has been a rewarding experience.

I'm grateful to David Callaway and his successors as editor-in-chief for giving me the opportunity to offer this perspective on such a great platform. Above all, I'm grateful to the MarketWatch readers for reading, commenting, and, hopefully, occasionally benefiting from the columns, if only because they provoked you to take a contrary position.

A farewell column should be more about the future than the past. But it's hard to be optimistic about the future. Washington is a mess. Europe has huge challenges, and it is an open question whether 3M -- Germany's Angela Merkel, France's Emmanuel Macron, and Britain's Theresa May -- will be able to provide the leadership to meet them.

©2017 Morningstar Advisor. All right reserved.