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Martin Wolf: Why the US election matters

By Martin Wolf

Published: October 26 2004 20:24 | Last updated: October 26 2004 20:24

America will always do the right thing, once it has exhausted all the alternatives - Winston Churchill

This US presidential race is no ordinary election. That is not because the outcome might heal the country's cultural, social and political divisions, generate harmony between the US and its allies or eliminate US economic vulnerabilities. What makes it significant is that it is a referendum on the direction George W. Bush has taken the world's "sole superpower".

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