Part V (9:07) covers the future of global and Australian political and economic freedom. He sees two decisive turns over the past decades: the end of Soviet imperialism and the lifting of hundreds of millions around the globe out of poverty. He sees as unlikely a return in the West to the degree of government control over economic activity that persisted throughout the 1960s & 1970s. Howard sees India's rise and that of Muslim democratic Indonesia as key to Australia's future in Asia. He calls his country a "blunt but loyal" friends of America's. One can only hope that President Obama understands how true that is, lest otherwise he wreck a precious friendship.

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