Good afternoon and welcome to the Conference Center here at Hudson Institute. I am the president and ceo of Hudson Institute, our mission is to promote u. S. International leadership in Global Engagement for secure, free and prosperous future. We are absolutely delighted to welcome back senior senator from indiana, senator todd young with us here at hudson. Today he is a guest in our bipartisan speaker series, dialogue on American Foreign policy and World Affairs with Hudson Institutes chair, Walter Russell mead. The discussion series is designed not to solely focused on the urgent news but also on the important news, that is to say, the broader questions and dilemmas affecting u. S. Foreign policy. Senator young still needs no introduction here at Hudson Institute where he is spoken many times. Hes an important voice particularly on Development Assistance and on the role of congress and u. S. Foreign policy in u. S. Foreign policy decisionmaking. Hes very much a conservative internati
Welcome back senior senator from indiana, senator todd young with us here at hudson. Today he is a guest in our bipartisan speaker series, dialogue on American Foreign policy and World Affairs with Hudson Institutes chair, Walter Russell mead. The discussion series is designed not to solely focused on the urgent news but also on the important news, that is to say, the broader questions and dilemmas affecting u. S. Foreign policy. Senator young still needs no introduction here at Hudson Institute where he is spoken many times. Hes an important voice particularly on Development Assistance and on the role of congress and u. S. Foreign policy in u. S. Foreign policy decisionmaking. Hes very much a conservative internationalist and critical for policies issues, marine corps captain, urges degrees of university of Chicago School of business, university of london before graduating from the Mckinney School of law at Indiana University picky making the bank bob mckinney was familiar the hudson
Fbn a. M. Starts right now. Now i got to get up in the morning. Got to find me a lover that wont run for cover. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren what a day to check your money. We have a rally right here in the u. S. , all three major averages gaining for the fourth day in a row, closing in on record highs. The dow is up 196 points, s p up 23, nasdaq up 92. Cheryl as tensions in iran continue, were going to get more on that breaking news in a minute. We want to look at oil, oil rose almost 3 , were now at 2. 7 gain, a 55. 21 the last print on oil. Lauren lets take a look at the yield on the 10 year treasury after jay powell and the fed yesterday said theyre not going to cut at that meeting but they might in july. We have the 10 year yield at 2. 01 , down 2 basis points, about an hour ago it was under 2 . Cheryl take a look at asia, the nikkei, hang seng, kospi, all in the green. The u. S. China trade
This was written just before the collapse of the soviet union and thehe idea was there did sem to be this process of modernization. That was development. People want to live in modern societies the kind of modern society that we seem to be any at that with liberal democracy and marketbased capitalism that socialism. And assist with getting off this train of history one stop before the communist marxist said we would get off. Professor Francis Fukuyama you were talking there in 26 about 1992 book the end of history and the last man. Did what you said about liberal democracy, as a standup today . Guest yeah, actually that clip was remarkably coherent. Since 2006 i think we seen a lot of regression in the progress of democracy all over the world. Freedom house, that tracks global democracy has noted we had 17 consecutive years of decline in the aggregate amount of democracy. I think the world really looks different in many ways than it did back man. But the question i was trying to raise
Liberalism and its discontent. Humankind over the centuries has seen an evolution. We go from hunter gatherers to Agricultural Societies up through the industrial revolution. There is a process in which social institutions become more complex. They develop certain features. Marx said this process would culminate in a communist utopia. I think most progressive intellectuals for the 100 50 years after the communist manifesto believed the history would be communism. My argument was we did not seem to be going there. This was just before the collapse of the soviet union. The idea was there was this process of modernization. People wanted to live in modern societies but the kind of modern society was liberal democracy and marketbased capitalism, not socialism. We are getting off this train of history one stop before marx said we would get off. Professor Francis Fukuyama. You were talking in 2000 six about your 1992 book, the end of history and the last man. What you said, does it stand up t