Escape From New York

Over-regulation chases capital overseas—with negative repercussions for the U.S. economy.

Issue: Nov-Dec 2006

Politicians in Washington have a tendency to define "national security" in terms of external threats to the country, such as terrorism, and to think of U.S. power as primarily defined by military force. In so doing, they often neglect the economic component of national security. Moreover, they can be oblivious to their own complicity in passing legislation that ends up having a negative impact on the vitality and health of the U.S. economy.

Without a dynamic economy that creates jobs, generates tax revenues, fosters technological innovation and-very importantly-attracts both domestic and foreign investment, America's ability to sustain its global position and competitiveness, including but not limited to its military superiority, is jeopardized. One cannot-and should not-divorce the health of the country's economy from its national security.

You must be a subscriber of The National Interest to access this article. If you are already a subscriber, please activate your online access. Not a subscriber? Become a subscriber today!