Mister Grieves
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- Joined
- Aug 2, 2007
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- 742
Sept. 15 (Bloomberg) -- Barack Obama wants to take American foreign policy back to the 1990s. For John McCain, the model is the 1950s.
Whichever man wins, he will inherit what Johns Hopkins University political scientist Francis Fukuyama calls a ``post- American world,'' replacing the U.S.-dominated ``new world order'' that President George H.W. Bush proclaimed after the collapse of the Soviet Union.
The U.S. has coped with relative decline before. As the last power left standing when World War II ended in 1945, the U.S. accounted for as much as half of global gross domestic product. It then built institutions -- the United Nations, the multilateral trading system, the North Atlantic Treaty Organization -- to spread prosperity and security.
But this time is different, says Fukuyama: ``We fumbled our unilateral moment in many, many ways, most importantly the Iraq war.''
In the eyes of the U.S.'s major competitors, the invasion of Iraq legitimized a might-makes-right policy that sidesteps international law. It added to suspicions that Russia harbored after the U.S. led NATO in bombing Serbia, Moscow's longstanding Balkans ally, in 1999.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aCuk6vYyYAAw&refer=us