How the Elites Blew Up the World
Those who squandered America's economic and strategic advantage are trying to distract from their record
Armed with this false premise, U.S. foreign policymakers on both sides of the aisle made a serious of disastrous blunders:
Those who squandered America's economic and strategic advantage are trying to distract from their record
Armed with this false premise, U.S. foreign policymakers on both sides of the aisle made a serious of disastrous blunders:
- They believed that the World Trade Organization (WTO) would serve as a bastion of support for market economies, and would encourage countries like Japan to give up their mercantilist practices. They were wrong. Instead, the United States has become the main target of the WTO's dispute settlement system, as our trading partners regularly treat us as a punching bag, winning disputes and forcing us to change our laws to better suit their preferences. This year, the globalists in the Obama administration blocked an appointment to the WTO's Appellate Body — because even they are tired of losing so many cases there.
- They believed that facilitating the rise of China — by giving the Chinese practically unlimited access to Western markets and technology — would lead to a freer and safer world. They were wrong. The relentless dictators in China are using their newfound wealth to consolidate their power, both inside China and around the world. If current trends continue, we will soon be driven from Asia, and a Communist dictatorship will replace the United States as the world's largest economy.
- They believed that a weakened Russia could do little to challenge the West. They were wrong. Vladimir Putin's government, despite an economy smaller than that of Canada, has tied Western policymakers in knots — making them look feckless and weak, and undermining NATO.
- They believed that spreading democracy in the Middle East would lead to more stable and peaceful governments in that part of the world. They were wrong. The disastrous wars and other mistakes of the last 15 years have created a Middle East that appears to be more violent and dangerous than ever. Furthermore, the Middle East is now flooding the West with refugees and terrorists, who are creating huge political problems in the United States and Western Europe.