Time Essay: America and the World Out There

The following is excerpted from a speech delivered by the Editor in Chief of Time Inc. at Deere & Company in Moline, III.

"Crisis" gets fearfully overworked, and journalism may be the chief offender, but sometimes there is no avoiding the word: the U.S. is caught up in a crisis of foreign policy. It is not so much the dangers and difficulties pressing on us from abroad, as a crisis in the making of foreign policy here at home—in the process itself and in the thinking that underlies the policy.

The war in Viet Nam...