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Managing in a Time of Great Change by Peter Ferdinand Drucker

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CHAPTER TWENTY-FIVE

Can the Democracies Win the Peace?

COMMUNISM HAS LOST THE Cold War. Now the Democracies have to win the Peace. That may be harder, as all history teaches. For forty years now it was enough that the Democracies were infinitely—and visibly—better. Now they are expected to be good. They are being measured now against their own professions and their own performance. Now the Democracies have to re-think and to re-form.

Specifically, to win the Peace, the Democracies have to:

  • Regain control of their domestic, economic, and fiscal policies, both lost as a result of the bankruptcy of the Keynesian Deficit State
  • Stop and reverse the corrosion and spreading decay of domestic society caused by the failure of the Welfare State
  • Promote ...

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