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Freely. we are able to borrow from expenses because of that, but now we may take it to the extreme and on the edge here. the next decade things may not look as good for america compared to the rest of the world. >> ruchir sharma, sobering insight. thank you very much. >> thank you, fareed. >> as we look at the state of america today, let's not look at the aspect of any country's help. it's culture. what can we say about american culture today? how does it compare to the past? i'll talk to one of the great scholars of the subject when we come back. mr. clean magic erasers ♪ ♪

>> i think that we still don't know what the consequences of that are, all because what happened in the past doesn't mean it will happen in the future. but here's what really concerns me, which is the amount that america owes the rest of the world today is about 60% of its economy. that number is staggeringly high, and historically if a country has been that indebted to the rest of the world, it has led to a decline in its currency in particular. that is one of america's particular advantages, that it has the world's dominant, we are able to borrow from expenses because of that, but now we may...