To recover its place in the world, the United States should first recover its confidence. It remains the world’s only superpower, the only big country with a total portfolio of military, economic and political dominance. Most major states are either well disposed toward it or, at worst, neutral. The challenges America confronts come from small, faceless terrorist organizations and a few rogue nations. This is not to minimize the challenges. Today’s asymmetries of power mean that small groups can do big damage. But it is to put things in perspective. When President Bush speaks of Iran’s nuclear program as the road to World War III, one wonders if he has noticed that Iran’s total GDP is just one sixty-eighth that of the United States, or that its military spending is less than 1 percent of the Pentagon’s.
The real challenges that the United States faces come not from globalization’s losers but from its winners, not from yesterday’s bombs but from tomorrow’s factories. The crucial project for the next president will be to change the basic focus of U.S. foreign policy, away from the Middle East and toward the Far East. When the history of these times is written, surely the great trend that will dominate the accounts, far larger than the war in Lebanon or the tensions over Iran, will be the rise of China and India and how they reshaped the world.
Featuring Benjamin H. Friedman, Research Fellow in Defense and Homeland Security Studies, Cato Institute; Spencer Ackerman, Senior Writer, WIRED Magazine; and Julian Sanchez, Research Fellow, Cato Institute; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
Featured PublicationWe are grateful to the Harry and Lynde Bradley Foundation and the Carthage Foundation whose support of the October 2012 Cato Conference “Europe’s Crisis and the Welfare State: Lessons for the United States” made possible this special issue of the Cato Journal.
May 24, 2013
Cato Institute research on federal and private sector employee firings is cited on MSNBC’s Jansing & Co.
May 24, 2013
Featured BookRenowned development economist Deepak Lal draws on 50 years of experience around the globe to describe developing-country realities and rectify misguided notions about economic progress.
More Bang for Your Buck
The Cato Institute tops a new measure of think tank performance in the United States, according to a recent report. Cato bested all other U.S. think tanks in the main category of “Aggregate Profile per Dollar Spent.” “I’m grateful to the Center for Global Development for showing that Cato gives its sponsors something I wish government gave more of to taxpayers: bang for the buck,” said Cato CEO John Allison.