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Indeed, financial self-reliance is a hallmark of underdevelopment, which condemns firms to the "drudgery of generating funds internally," as Raghuram Rajan and Luigi Zingales of the University of Chicago put it.
More than 90% of government bonds are in the hands of domestic investors, and savings accounts run by the postal service play a huge role in propping up the system.Paradoxically, financial self-reliance has thus become Japan's curse.
Despite the fact that they are paid very little, the NGO schools have in fact become means to increase financial self-reliance of refugees.
The revolution around financial self-reliance had already begun.
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They were raised on good old-fashioned Yankee self-reliance.
Although Latinos have traditionally voted 2 1 for Democrats, they share plenty of the values preached by the Republican Party: self-reliance, the family, religious belief, the work ethic and opposition to abortion.
And there's also the kind of the American self-reliance thing, just being able to take care of household chores, do things without having to hire somebody to do it.
Where the United States has its "life, liberty and the pursuit of happiness," Bhutan has the four pillars of GNH economic self-reliance, environmental conservation, cultural preservation and promotion, and good governance.
The impulse to live lightly, eliminate waste, and preserve the environment, combined with our continuing, challenging economic times, is leading to the resurgence and increasing popularity of yet another movement that's been part of the American psyche since our country was founded -- the impulse to fix one's things oneself -- i.e., good old American self-reliance.
Mr. Brooks and President Bush promulgate the terms Ownership Society and self-reliance.
ESSAY Sally Satel is a psychiatrist and resident scholar at the American Enterprise Institute and a co-author of a new book, "One Nation Under Therapy: How the Helping Culture Is Eroding Self-Reliance".
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