Dangerous Illusions

Policymakers in the United States and Europe have adopted the position that their mission is to promote democracy worldwide, regularly arguing that if they fail, authoritarian governments will exploit American restraint and join forces. Read More Here

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Did Biden Lose Afghanistan?

It is now clear that there was no Afghan state, no government, no military. These were convenient fictions, phantasms, if you will, that were invoked by successive administrations to justify America’s presence as an occupying power. But no sooner did Biden pullout than the entire Potemkin village came crashing down. Read More Here

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America’s Withdrawal Of Choice

The swift fall of Kabul recalls the ignominious fall of Saigon in 1975. Beyond the local consequences – widespread reprisals, harsh repression of women and girls, and massive refugee flows – America’s strategic and moral failure in Afghanistan will reinforce questions about US reliability among friends and foes alike. Read More Here

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The Rethinking Of The International Monetary System

Fifty years ago, the world changed. On August 15, 1971, US President Richard Nixon slammed shut the “gold window,” suspending dollar convertibility. Although it was not Nixon’s intention, this act effectively marked the end of the Bretton Woods system of fixed exchange rates. But, in truth, with the rise of private cross-border capital flows, a system […]

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