04-19-2020, 10:21 AM
(04-18-2020, 10:33 AM)sbarrera Wrote: This quote from the article summarizes the U.S. grand strategy of the Millennial saeculum (1945-now). This strategy is being underminded by the current administration. The administration is doing this, I believe, as a 4T response to the perception that grew over the 3T that this arrangement is no longer serving the American interest. The economic arrangement of Bretton Woods has caused too much painful disruption (job loss, depressed wages), and the security arrangement is seens as needlessly costly since there is no longer the threat of the Soviet Union.
Quote:But Bretton Woods was about more than currency regimes and international institutions; its deeper purpose lay in two other features that are often overlooked. The United States would open its markets to participating states' exports while not requiring reciprocal access for its own. In exchange, participating states would grant the United States deference in the crafting of security policy. NATO quickly emerged as the organization through which this policy was pursued.
I think Millennials will craft a new relationship with the world, where the US is no longer guarantor of everything. What that will look like is hard to know, and probably impossible to reverse if it goes bad.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.