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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (60224)2/9/2005 5:49:03 PM
From: RealMuLan  Read Replies (2) of 74559
 
"In 1998 Madeleine Albright, then US secretary of state, said of the U.S.: "We are the indispensable nation." By backfiring, the unilateralism of Mr Bush has proven her wrong. The US, it turns out, is a dispensable nation.

Europe, China, Russia, Latin America and other regions and nations are quietly taking measures whose effect if not sole purpose will be to cut America down to size.

Ironically, the US, having won the cold war, is adopting the strategy that led the Soviet Union to lose it: hoping that raw military power will be sufficient to intimidate other great powers alienated by its belligerence. To compound the irony, these other great powers are drafting the blueprints for new international institutions and alliances. That is what the US did during and after the second world war.

But that was a different America, led by wise and constructive statesmen like Dean Acheson, the secretary of state who wrote of being "present at the creation." The bullying approach of the Bush administration has ensured that the US will not be invited to take part in designing the international architecture of Europe and Asia in the 21st century. This time, the US is absent at the creation."

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