Kharn said:
Ha, great read...Long, yes, but still...
"Rise and Decline of Nations" I might've been thinking of this book before...
I agree with you on basically every point, but a bit of nit-picking, out of curiosity:
You mentioned a change of power from Britain to the US. I think before you mentioned that the change of power was given shape in WW1 and made definitive in WW2. Now Britain was huge in those periods, but it wasn't "the power". As you'll remember, WW1 was between the divided nations of the colonial powers on one side (Britain, France) and the non-colonial powers on the other side (Austria-Hungary, Germany), with some countries dotting in between (the US and Czaric Russia)...Just nit-picking, the UK wasn't much of a Dominant Power in the early 20th century, though it was and is a World Power...Damn Brits...
Also, you mention to cost of upkeeping the UN and NATO (both basically US-centered organisations, especially NATO, which, in my opinion, is completely useless anyway) as a possible reason for the decline of the US, because of countries "free-riding". I don't exactly follow that...
Most previous dominant world powers I know of had a lot of countries free-riding on their tail, except if you count being a colony as free-riding.
And I don't know exactly what you're referring to with the US either. I mean, other countries pay for the UN and NATO as well, but indeed not nearly as much as the US does, but that's because the US has the most advantage of these organisations, being the head (though the UN is turning on the US, which is funny).
In the mean-time, the US has a huge debt, not only inside the country but to other countries as well. And let's not forget that the US often forces other countries into trading positions that it wants them in (notice how Japan and the EU have both been pressured for some time and some force to import more and export less).
I can understand it up to some level, but I don't think other countries are dragging the US down.
Hi Kharn, and thanks to you and the others for letting me Mod Roleplaying.
Truthfully, I think the hole Britain as hegemonic actor of the 19th Century is a bit overdone. Powerful yes, hegemonic, doubtful. If so, it was probably due to weaknesses of the other Europeans. By the 20th Century, the other states are becoming very strong.
A causal argument for both World War I and World War 2 can be traced to German fears of rising Russian power, although I find that questionable as well.
However, transitioning from leadership from Britian to US is assumed as part of that whole argument.
As for free-riding, consider the price of defense for instance. Defense and international security is normally seen as public good and important for the military side of hegemonic stability. Had the US not assumed much of the responsibility for defense than many states would have had to invest much more heavily in defense than they did. Japan for instance limited its defense to 1% during much of the Cold War. It was a big 1% but without US nuclear deterrence and safeguarding lines of communication with Europe and the middle east, it would have been higher. That allows that money that might have been squandered in defense to go other developmental sectors (micro-computers, ships, hondas, etc.)
Economically, the US played a significant role in the currently criticized world bank group, but there was more. Until the US dropped the gold standard, US currency provided the stable benchmark for all others. That affords greater monetary security while US suffers dramatic balance of payments deficits.
Now NATO, looks kind of useless but is it? Robert Art has a good argument about the role of NATO in securing Europe following the end of the Cold War when there was a danger of insecurity by European states, especially due to Germany's relative strength. I think the mission has changed by the organization is a good one and probably useful, especially in sustaining the TransAtlantic relationship. I think the Euros have a lot to be proud of and hopeful with the EU. But could the EU have existed without NATO? What about incorporation of Eastern Europe? NATO seems to be the security institution that helps make the EU the successful economic institution its been.
Someone had to pick up the bill, and had it not been the US then it would have been US allies. A cost of the US led to a net savings for the allies.
Yes its funny that the US has a crappy relationship with the UN. That's been true since the 1980s, but there are some legitimate grievances there.
As for the debt, you know under Clinton the debt wasn't that bad. Big, yes, but not all debt is bad. Sometimes, you can manage a debt so that the debt pays for itself, but that took some careful rebuilding, and then balanced budgets. Good debt management has the opposite effect of bad debt management. If you can manage your debt, you are a great credit risk, more money can be sent your way, and your considered a safe risk. If you can't manage your debt, no one wants to lend to you, no one trusts the stability of your economy, and its trouble. So its not debt, per se that's bad (although I think it better if you don't have it) but how you manage it.
But then came GB and then Iraq, defense shot up and I hear the occupation and someone told me that the occuption is costs a billion a day. Honestly, I'd like to hear how much this is costing.
Lets imagine that the story really is about oil, which is plausible. Who benefits? Not really the US unless its to curtain Saudi Arabia (Biosafreak made this argument). But that oil goes to US trading partners (Japan and Europe- OECD) as well as to the oil companies (which are US and European). Who foots the bill, US tax payers.
And most of us didn't even elect this president!
Sorry if this is kind of unclear, but I got to get back to work!