stratfor Archive

  • In many ways, the Hezbollah threat is being played up in order to provide the type of deterrent that mutually assured destruction did during the Cold War.

    Hezbollah, Radical but Rational

    In many ways, the Hezbollah threat is being played up in order to provide the type of deterrent that mutually assured destruction did during the Cold War.

    Continue Reading...

  • The rise of multiple citizenship undoubtedly provides freedom. But as is frequently the case, the freedom raises the question of what an individual is committed to beyond himself. In blurring the lines between nations, it does not seem that it has reduced conflict. Quite the contrary, it raises the question of where the true loyalties of citizens lie, something unhealthy for the citizen and the nation-state.

    Geopolitics, Nationalism and Dual Citizenship

    The rise of multiple citizenship undoubtedly provides freedom. But as is frequently the case, the freedom raises the question of what an individual is committed to beyond himself. In blurring the lines between nations, it does not seem that it has reduced conflict. Quite the contrary, it raises the question of where the true loyalties of citizens lie, something unhealthy for the citizen and the nation-state.

    Continue Reading...

  • A logical Israeli response would have been avoiding falling into the provocation trap and suffering the political repercussions the Turkish NGO was trying to trigger. Instead, the Israelis decided to make a show of force. The Israelis appear to have reasoned that backing down would demonstrate weakness and encourage further flotillas to Gaza, unraveling the Israeli position vis-à-vis Hamas.

    Flotillas and the Wars of Public Opinion

    A logical Israeli response would have been avoiding falling into the provocation trap and suffering the political repercussions the Turkish NGO was trying to trigger. Instead, the Israelis decided to make a show of force. The Israelis appear to have reasoned that backing down would demonstrate weakness and encourage further flotillas to Gaza, unraveling the Israeli position vis-à-vis Hamas.

    Continue Reading...

  • Financial panics are an integral part of capitalism. So are economic recessions. The system generates them and it becomes stronger because of them. Like forest fires, they are painful when they occur, yet without them, the forest could not survive. They impose discipline, punishing the reckless, rewarding the cautious. They do so imperfectly, of course, as at times the reckless are rewarded and the cautious penalized. Political crises — as opposed to normal financial panics — emerge when the reckless appear to be the beneficiaries of the crisis they have caused, while the rest of society bears the burdens of their recklessness. At that point, the crisis ceases to be financial or economic. It becomes political.

    The global crisis of legitimacy

    Financial panics are an integral part of capitalism. So are economic recessions. The system generates them and it becomes stronger because of them. Like forest fires, they are painful when they occur, yet without them, the forest could not survive. They impose discipline, punishing the reckless, rewarding the cautious. They do so imperfectly, of course, as at times the reckless are rewarded and the cautious penalized. Political crises — as opposed to normal financial panics — emerge when the reckless appear to be the beneficiaries of the crisis they have caused, while the rest of society bears the burdens of their recklessness. At that point, the crisis ceases to be financial or economic. It becomes political.

    Continue Reading...