Showing posts with label Balance of Power. Show all posts
Showing posts with label Balance of Power. Show all posts

Wednesday, June 7, 2017

Chrystia Freeland's a Bloody Idiot

Canada's reorienting its foreign policy, claiming that the U.S. is no longer the leader of the free world.

Oh boy, I'd love to let Ottawa have a piece of my mind. No extended deterrence for you!

At Blazing Cat Fur, "Good Manners Backed by Muscle Mark Canada’s Approach to the World, Chrystia Freeland Says."


Thursday, August 18, 2016

A Defense Strategy for the New Administration

From Mac Thornberry and Andrew F. Krepinevich, Jr., at Foreign Affairs, "Preserving Primacy":

The next U.S. president will inherit a security environment in which the United States con­fronts mounting threats with increasingly constrained resources, diminished stature, and growing uncertainty both at home and abroad over its willingness to protect its friends and its interests. Revisionist powers in Europe, the western Pacific, and the Persian Gulf—three regions long considered by both Democratic and Republican administrations to be vital to U.S. national security—are seeking to overturn the rules-based international order. In Europe, Russian President Vladimir Putin has seized Crimea, waged proxy warfare in eastern Ukraine, and threatened NATO allies on Russia’s periphery. Further demonstrating its newfound assertiveness, Russia has dispatched forces to Syria and strength­ened its nuclear arsenal. After a failed attempt to “reset” relations with Moscow, U.S. President Barack Obama has issued stern warnings and imposed economic sanctions, but these have done little to deter Putin.

Nor has the administration’s “pivot” to Asia, now five years on, been matched by effective action. China continues to ramp up its military spending, investing heavily in weapons systems designed to threaten U.S. forces in the western Pacific. As a result, it is proving increas­ingly willing and able to advance its expansive territorial claims in the East China and South China Seas. Not content to resolve its disputes through diplomacy, Beijing has militarized them, building bases on natural and artificially created islands. The United States has failed to respond vigorously to these provocations, causing allies to question its willingness to meet its long-standing security commitments.

The lack of U.S. leadership is also fueling instability in the Middle East. In Iraq, the Obama administration forfeited hard-won gains by withdrawing all U.S. forces, creating a security vacuum that enabled the rise of both Iranian influence and the Islamic State, or ISIS. Adding to its strategic missteps, the administration fundamentally misread the character of the Arab Spring, failing to appreciate that the uprisings would provide opportunities for radical Islamist elements rather than lead to a new democratic order. The administration also failed to learn from the previous administration’s experience in Iraq when it chose to “lead from behind” in Libya, intervening to over­throw Muammar al-Qaddafi, only to declare victory and abandon the country to internal disorder. It then drew a “redline” over President Bashar al-Assad’s use of chemical weapons in Syria but failed to act to enforce it. The result is growing instability in the Middle East and a decline in U.S. influence.

The threat of Islamist terrorism has grown on the Obama administration’s watch. Al Qaeda and ISIS, both Sunni groups, have gained new footholds in Iraq, Libya, Syria, Yemen, and even West Africa. Obama’s negotiations with Iran, the home of radical Shiite Islamism, have not curbed the country’s involvement in proxy wars in Iraq, Syria, and Yemen or its support for Hezbollah in Lebanon and Hamas in the Palestinian territories. What the talks did produce—the nuclear deal—may slow Tehran’s march to ob­taining a nuclear weapon, but it also gives the regime access to tens of billions of dollars in formerly frozen assets. The ink on the agreement was barely dry when, in March, Tehran tested ballistic missiles capable of delivering a nuclear warhead, in blatant defiance of a UN Security Council resolution. Adding to all this instability, military competition has expanded into the relatively new domains of outer space and cyberspace—and will eventually extend to undersea economic infrastructure, as well.

With the current approach failing, the next president will need to formulate a new defense strategy. It should include three basic elements: a clear statement of what the United States seeks to achieve, an understanding of the resources available for those goals, and guidance as to how those resources will be used. The strategy laid out here, if properly implemented, will allow the United States to preclude the rise of a hegemonic power along the Eurasian periphery and preserve access to the global commons—without bankrupting the country in the process...
Sounds great.

Frankly, I'm not worried about the U.S. maintaining its material preponderance, even with China supposedly "catching up."

It's that we need robust, non-politically correct leadership. Global preponderance is a state of mind as well as an objective reality. I'd argue that President Barack Hussein wanted to chop the U.S. down to size, to attack U.S. global hegemony at home, for ideological reasons. He's still doing with his appeasement and apology tours.

America will lead again, in both word and power. It's just a matter of the political dynamics. A Hillary Clinton administration's just going to be four more years of Obama's failed policies. But the pendulum is going to swing back to American exceptionalism at some point. Of that I remain optimistic.

But keep reading, in any case.

Friday, August 14, 2015

China's Devaluation Invites Global Currency War

Well, remember, China's moves represent the highest stakes in international politics, although folks don't often realize it. The currency issue at base is about international preponderance, which nation-states command the most world monetary power. It's still the U.S. at present, a fact that rattles rogue regimes in Beijing, Moscow and beyond.

See the New York Times, "China’s Renminbi Devaluation May Initiate New Phase in Global Currency War":
For years, China looked like the principled noncombatant. As other countries, seeking to secure an economic advantage, let the value of their currencies slide on international markets, China held firm on the value of its money.

But this week, China jumped into the fray. In a surprise decision on Tuesday, the country’s authorities began sharply devaluing its currency, the renminbi. While the plunge paused on Friday, the renminbi was still down 4.4 percent against the dollar this week, a huge drop for China.

The abrupt move opens a new phase in what some analysts see as a long-raging global currency war, a development that could leave the United States exposed and undermine efforts to pull the world economy out of the doldrums.

The yen, the euro and several other major currencies have fallen in recent years against the dollar as the Federal Reserve has cut back its stimulus and policy makers elsewhere have sought to obtain gains for their sluggish national economies.

But the countries that don’t join the devaluations, like the United States right now, can end up suffering, if they export less and import more. A steep drop in the value of the renminbi could also intensify some of the forces that, in the view of some economists, have caused the American economy to underperform.

“The risks of a deflationary, secular stagnation in the U.S. would be increased by a large devaluation of the renminbi,” said Lawrence H. Summers, the former Treasury secretary. Mr. Summers, however, cautioned against overreacting. “One has to be very careful about regarding market fluctuations and uncertainty among market participants as a crisis that demands major government interventions.”

Even so, the Fed faces a dilemma as it contemplates raising interest rates for the first time in more than nine years. A rate increase could drive the dollar up even more against other currencies, creating a vexing obstacle for the American economy at a crucial moment in its recovery.

“We’ve been in a currency war for six years,” said Stephen S. Roach, a senior fellow at the Jackson Institute for Global Affairs at Yale University. “China is now moving on its currency, and other countries are using their currencies as a tool to relieve distress, and that is potentially destabilizing.”

China’s devaluation stems in part from a desire to let markets influence the price of the renminbi, a shift global policy makers have advocated. If managed well, it may give China a lift and the extra flexibility it may need as it deals with the challenges facing its economy.

At a news conference on Thursday, officials from the Chinese central bank defended the devaluation and said it would be managed carefully. Zhang Xiaohui, an assistant governor at the central bank, said that there was “no basis for the continued depreciation of the renminbi.”

The hope among global policy makers, of course, is that the changes in exchange rates are not excessive and do more good than harm. Still, history shows that currencies often go down too much or go up too far, interrupting the strong trade flows that have underpinned the global economy for decades...