In this fifth video, produced in conjunction with New York City’s 92nd Street Y, George P. Shultz, the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution, describes how, after two world wars, the United States built an economic and security commons that defined the world order, but now that commons is declining in power. Shultz argues that “we have a world all of a sudden awash in change. . . . Instead of the commons, we have change.” He focuses on two important revolutions: fracking and research and development of alternative energy. In fueling those two revolutions, we should also rebuild the commons; everyone has a stake in alternative energy.
Entitled American Conversation Essentials, the video series features Hoover senior fellows delving into a broad array of topics, from economics to national security.