Fareed Zakaria GPS – CNN 04-12-14

Salient to Investors:

Fareed Zakaria said:

  • Kenneth Pollock says Iran’s foreign policy has been rational and prudent over the years.
  • China has less than 5% of the vote in the World Bank and less than 4% of the vote at the IMF.

Larry Summers said:

  • The US has lost its role as the underwriter of the global economic system.
  • US diplomacy has proved a disaster

Malcolm Gladwell said:

  • Americans are the most honest taxpayers in the world, with only Switzerland even close, yet the penalties for cheating are lower than almost anywhere else, the IRS audits a smaller number of taxpayers than almost any other developed country.
  • Americans perceive their tax system as legitimate.
  • Power is perceived as legitimate if it is respectful of those who are under its purview, if it is fair and trustworthy.
  • If you raise a child in comfort, the path to it doing something extraordinary is more difficult.

Watch the video at http://globalpublicsquare.blogs.cnn.com/category/gps-episodes/ or read the full transcript

at http://transcripts.cnn.com/TRANSCRIPTS/1504/12/fzgps.01.html