Posted By Stephen M. Walt

Has it really come to this? That the fate of Europe's economy is in the hands of Silvio Berlusconi, whose career in Italian politics is closer to opera bouffe than responsible statesmanship? Whatever you think of the latest effort to save Europe and the Euro -- and I'm not that impressed -- this does not strike me as an encouraging sign. After all, Berlusconi first became Prime Minister in 1994 and he's served three terms since then. Since 1996, Italy has managed a pitiful 0.75 percent average growth rate, and its anemic economic performance is why there are lingering doubts about its ability to pay its debts. But hey: at least the problem is in the hands of someone with a proven track recordof double-dealing, indictments, sex scandals, and personal aggrandizement.

GEORGES GOBET/AFP/Getty Images

Posted By Stephen M. Walt

I visited the National Library in Dublin last week, and spent an hour at a terrific exhibit on the life and works of W. B. Yeats. I've never been a big fan of Yeats's poetry (my tastes run more to Auden, Neruda, e. e. cummings, and Hardy), but some of his best works are undeniably brilliant.  Like "The Second Coming," which is probably one of the most famous poems of the 20th century and one that seems uncannily relevant whenever we enter a turbulent period of global politics:

Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: somewhere in the sands of the desert
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Reel shadows of the indignant desert birds.
The darkness drops again; but now I know
That twenty centuries of stony sleep
were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?

I thought of that poem as I reflected this morning on recent events, and wondered if we are now witnessing the slow crumbling of the international order that has existed for decades. As I noted in an earlier post, after World War II the United States created and led a political, security, and economic order in nearly every corner of the globe, except for the communist world. The communist world eventually succumbed and became part of that order too, as first China and then Russia abandoned communism and adopted market economies and joined the various global institutions that had been designed and coordinated in Washington. 

Looking back, a striking feature of the past two decades is that the central features of U.S. foreign policy and the basic Cold War institutions remained largely unchanged long after the Cold War ended. NATO is still around; our bilateral security ties in Asia haven't changed much, and we retained pretty much the same set of allies and policies in the Middle East. The United States continues to think of itself as the "indispensable power" and the Leader of the Free World (which is a bit ironic given our incarceration rate), and Democratic and Republican policy wonks spend most of their time debating how and where to use American power, but never questioning whether it was right or proper or wise to use it in lots of places.  Despite an enormous set of structural changes, in short, the central features of U.S. foreign policy have remained quite constant.

The end of the Cold War -- and the brief "unipolar moment" that followed it -- just meant the United States could throw its weight around a bit more without worrying that a hostile great power might try to stop us. Instead, it was a combination of hubris, ignorance, and arrogance that led us into a series of costly quagmires, accompanied by a self-inflicted financial meltdown that stemmed from an equally toxic combination of arrogance and avarice.

But have those disasters brought us to the brink of a major shift in the global order? Is the familiar landscape of world politics in the process of being transformed? Consider the following:

1. The financial crisis has put the Eurozone under unprecedented stress, and the European Union's future looks increasingly bleak. Check out this piece from the Guardian here, and see how confident you are that the European Union will survive in its present form.

2. NATO looks more and more obsolescent. Its performance in Afghanistan has been disheartening and the recent war in Libya is a monument to NATO disharmony (because most NATO members aren't involved), as well as a revealing demonstration of just how weak the alliance is when it can't rely on the United States to do all the work. And does anyone seriously believe that the Libyan adventure will convince Europe to get serious about defense spending in the future? Not in this economic climate, and not when Europe really doesn't face major external threats.

3. The Arab world is in upheaval, and seems likely to remain unsettled for years. The United States has yet to formulate a clear policy towards this new situation, and contrary what the White House seems to think, having the President give another lofty speech is not a policy. Qaddafi's days may be numbered and the Assad regime in Syria looks like it's on borrowed time too, but what comes after either one is anyone's guess. Prospects for a smooth transition and economic turnaround in Egypt look equally dim.

But the key point is that the outcomes of these processes won't be determined by us; the United States lacks the resources, respect, and moral authority to shape the political future in any of these countries. Given our track record in the region in recent years -- and I include Obama's dismal post-Cairo performance -- why should anyone listen seriously to our views?

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Posted By Stephen M. Walt

The scope of devastation from the earthquake and tsunami in Japan is heart-rending, and readers who are in a position to help should donate generously to the charity of their choice. (See here for a list of worthy options).

The immediate consequences of the disaster are real enough, but today's New York Times also identifies what could be an even more significant long-term effect of this event: the curtailing of plans to address global warming through sharply increased reliance on nuclear power.

The basic equation here is pretty simple. The only way to deal with climate change is by reducing greenhouse gas emissions, which in turns means reducing reliance on the burning of fossil fuels. Conservation, improved efficiency, and "green" energy sources like wind farms can help, but not enough to fill the gap without a significant curtailing of living standards. Accordingly, many recent proposals to address future energy needs have assumed that many countries -- including the United States -- would rely more heavily on nuclear power for electricity generation. It's not a complete answer to the climate change problem by any means, but addressing it in a timely fashion would be more difficult if nuclear expansion is eliminated.

The destruction of the Fukushima nuclear plant is bound to set back these efforts, and it may derail them completely. At a minimum, it will make it much harder to get approval for new power plants -- which already face classic NIMBY objections -- which will drive up the cost and make a significant expansion of the nuclear industry politically infeasible in many countries, especially the United States.

This reaction doesn't make a lot of sense because the costs and risks of nuclear energy need to be rigorously compared against the costs and risks of other energy sources and the long-term costs and risks of global warming itself. But that's not the way that the human mind and the democratic process often work. We tend to worry more about rare but vivid events -- like an accident at a nuclear plant -- and we downplay even greater risks that seem like they are part of the normal course of daily life. Thus, people worry more about terrorist attacks than they do about highway accidents or falling in a bathtub, even though they are far more likely to be hurt by the latter than the former.

So, in addition to the thousands of lives lost, the billions of dollars of property damage, and the knock-on economic consequences of the Japanese disaster, we need to add the likely prospect of more damage from climate change down the road. It's possible that clearer heads will prevail and guide either more stringent conservation measures or the sensible expansion of nuclear power (along with other energy alternatives), but I wouldn't bet on it.

Stephen M. Walt is the Robert and Renée Belfer professor of international relations at Harvard University.

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