Vietnam traumatised the US but left its power intact; Iraq, however, will be far more serious for the superpower
What is true regionally is also the case globally. We are reminded of how even the most powerful and, indeed, the most knowledgeable can get things profoundly wrong. It is worthwhile recalling the longer-term global context of the American defeat in Vietnam. It did not signal any serious upturn in the fortunes of the Soviet Union; this was already in a state of economic stagnation and growing political paralysis that was to become terminal in the 80s, leaving the US as the sole superpower. It was this that encouraged the neoconservatives to utterly misread the historical runes at the end of the 90s. They believed that the world was ripe for a huge expansion of American power and influence.
A few years later we can see the full absurdity of this position. Far from the US being in the ascendant, deeper trends have moved in the opposite direction. The US might enjoy overwhelming military advantage, but its relative economic power, which in the long run is almost invariably decisive, is in decline. The interregnum after the cold war, far from being the prelude to a new American age, was bearing the signs of what is now very visible: the emergence of a multipolar world. By misreading global trends, the Bush administration's embrace of unilateralism not only provoked the Iraq disaster but also hastened American decline.
Them Limeys have a way with words. Please read this one.
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