Balance of Power
So, as of late the U.S. has decided to exercise it's muscle. Before, we've been fairly willing to go along with coalitions, except when Clinton disasterously decided that NATO would be fine to bomb Serbia if the U.N. refused (the politics of which can be discussed later). Now the U.S. under Bush decided that it doesn't matter what any governing body says as long as we can invade Iraq. We could discuss the legitimacy of the U.N., but I'll contain that to another thread. Right now, I'd like to discuss the geopolitical implications of that action.
It seems that Europe has decided that getting closer is suddenly very practical in order to counterbalance U.S. power. The traditional Westphalian system (what a great term for political science geeks to throw around to imediately alienate the masses, eh?) broke down with the sudden collapse of the Soviet Union and the immediate U.S. hegemony. America's "unipolar moment" turned into a unipolar decade and beyone, yet 2004 seemed to see the first attempts to counterbalance U.S. hegemony.
In this post, I'll attempt to line up the powers that seem to be taking shape at the start of this decade in hope that we'll all attempt to guess the ultimate outcome. Will the Westphalian system (states balancing one another so that one never becomes too powerful) come back into play? Or will hegemony fall out of play? Will it ultimately be replaced, as a former professor of mine likes to argue, that it will result in a layered system? He bases it on the historic Asian system that accepts the primacy of one nation - China up until 1895 or Japan between 1895 and 1945 - the states accept the primacy of one nation and exist under it, knowing that they cannot counterbalance, until another state comes in to replace it.
To me, the main "states" in the coming era are America, the European Union, Russia (and it's block), China, India and Japan.
American is attempting to fight off growing Chinese power with a combination of Japanese, Indian and South Korean support. Russia and China are attempting to get closer to ward off increasing U.S. power in the region and the E.U. is closing together and working on a strategy in a world where both Russia and the U.S. are increasingly belligerant and hostile to it's interests. I'll withhold my own perspective on this issue until a bit later, but I'd be most interested in your own ideas about the coming global fight for power. How will the Middle East come into play? Does Asia matter more than Europe? {Note: U.S. trade with Asia has been greater than that with Europe for over two decades now.} What will global alliances look like in 2050, if you could be bothered to project that far?
“It is a strange paradox that today’s central banks are generally staffed by economists, who by and large profess a belief in a theory which says that their jobs are, at the best, unnecessary, and more likely wealth-destroying. Needless to say, this is not a point widely discussed among respectable economists. Nevertheless, it is an issue worth pondering.”
George Cooper, The Origin of Economic Crises