We acknowledged when we began our Bi-Sectoralists column that it would be naïve to suggest that politicians and investors should never think short-term. But it's even more unrealistic to accept pervasive short-termism as a given when it is so antithetical to being strategic.
We feel strongly that our problems are structural and therefore require more strategic thinking and bi-sectoral partnership and less tactics. Many of the issues confronting the US and the world are not quickly solved; if they were then we would not be in the tough economic spot we are in three years after the Wall Street crash. Unfortunately, the history of debt deleveragings suggests we are only half way through the time line.