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The bubble of American supremacy [George Soros]
The Korea Herald ^ | 12 March 2003 | George Soros

Posted on 03/12/2003 4:12:41 PM PST by AndyJackson

As American and British troops prepare to invade Iraq, public opinion in these countries does not support war without U.N. authorization. The rest of the world is overwhelmingly opposed to war. Yet Saddam Hussein is regarded as a tyrant who needs to be disarmed, and the U.N. Security Council unanimously passed Resolution 1441 which demanded that Saddam destroy his weapons of mass destruction. What caused this disconnect?

Iraq is the first instance when the Bush doctrine is being applied and it is provoking an allergic reaction. The Bush doctrine is built on two pillars: (1) The United States will do everything in its power to maintain its unquestioned military supremacy; and (2) the United States arrogates the right to preemptive action.

These pillars support two classes of sovereignty: American sovereignty, which takes precedence over international treaties and obligations, and the sovereignty of all other states. This is reminiscent of George Orwell's Animal Farm: All animals are equal, but some animals are more equal than others. To be sure, the Bush doctrine is not stated starkly; it is buried in Orwellian doublespeak. The doublespeak is needed because the doctrine contradicts American values.

The Bush administration believes that international relations are relations of power; legality and legitimacy are mere decorations. This belief is not false, but it exaggerates one aspect of reality to the exclusion of others. The aspect it stresses is military power. But no empire could ever be held together by military power alone.

Yet that belief guides the Bush administration. Prime Minister Ariel Sharon of Israel shares the same belief and look where that has led. The idea that might is right cannot be reconciled with the idea of an open society. Hence the need for Orwellian doublespeak.

But nobody is in possession of the ultimate truth. Those who make such claims are bound to be wrong at times, and so can enforce their claims only by coercion and repression. Bush makes no allowance for the possibility that he may be wrong, and he tolerates no dissent. If you are not with us, you are with the terrorists, he proclaims.

Of course, the presence of extremist views in the executive branch does not make America a totalitarian state. The principles of open society are enshrined in the Declaration of Independence and the institutions of American democracy are protected by the Constitution. There are checks and balances, and the President must obtain the support of the people. Nevertheless, the Bush doctrine could do untold harm before it is abandoned - as eventually it will be.

I see parallels between the Bush administration's pursuit of American supremacy and a boom-bust process or bubble in the stock market. Bubbles do not arise out of thin air. They have a solid basis in reality, but misconception distorts reality. Here, the dominant position of the United States is the reality, the pursuit of American supremacy the misconception.

For a while, reality reinforces the misconception, but eventually the gap between reality and its false interpretation becomes unsustainable. During the self-reinforcing phase, the misconception may be tested, and when a test is successful the misconception is reinforced. This widens the gap, leading to an eventual reversal. The later it comes, the more devastating the consequences.

There seems to be an inexorable quality about this, but a boom-bust process can be aborted at any stage. Most stock market booms are aborted long before the extremes reached by the recent bull market. The sooner this happens, the better. That is how I view the Bush administration's pursuit of American supremacy.

The Bush administration came into office with an ideology based on market fundamentalism and military supremacy. Prior to Sept. 11, 2001, it could not make much headway in implementing its ideology because it lacked a clear mandate and defined enemy. Terrorism provided the ideal enemy because it is invisible and never disappears. By declaring war on terrorism, President Bush gained the domestic mandate he lacked.

But his policies have already caused severe unintended consequences. The EU and NATO are divided. The United States is perceived as a giant bully throwing its weight around. Afghanistan has been liberated, but law and order has not been established beyond Kabul. Indeed, President Karzai must be protected by American bodyguards. The Israeli-Palestinian conflict festers.

Beyond Iraq an even more dangerous threat looms in North Korea - a crisis precipitated by President Bush in his eagerness to break with what he deemed to be Clinton's appeasement. Bush repudiated the "sunshine policy" introduced by President Kim Dae-jung of South Korea and included North Korea in the axis of evil.

Rapid victory in Iraq with little loss of life could bring about a dramatic change in the overall situation. Oil prices could fall, stock markets could celebrate, consumers could resume spending, and business could step up capital expenditures. America would end its dependency on Saudi oil, the Israeli-Palestinian conflict could become more tractable, and negotiations could start with North Korea without loss of face. That is what Bush counts on.

But military victory in Iraq is the easy part. It is what comes after that gives pause. In a boom-bust process, passing an early test tends to reinforce the misconception which gave rise to it. That is to be feared here.

It is not too late to prevent the boom-bust process from getting out of hand. The U.N. could accede to chief weapons inspector Hans Blix's request for several months to complete his inspections. America's military presence in the region could be reduced, but it could be beefed up again if Iraq balks. Invasion could take place at summer's end. This would be a victory for the U.N. and for the United States whose prodding made the Security Council act resolutely. That is what the French propose, but that is not what is going to happen. President Bush has practically declared war.

It is to be hoped that Iraq's conquest will be swift and relatively painless. Removing Saddam is a good thing; yet the way President Bush is going about it must be opposed. In the long run, an open society cannot survive unless the people who live in it believe in it.

George Soros is chairman of Soros Fund Management and of the Open Society Institute. - Ed.


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events; War on Terror
KEYWORDS: bushdoctrineunfold
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How can the open society survive unless those committed to its survival will preempt those miscreants who live in closed societies and are willing to resort to WMD for their ends?
1 posted on 03/12/2003 4:12:41 PM PST by AndyJackson
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To: AndyJackson
by lying and obfuscating. Note the premise begun in the article that denies public opinion here is FOR taking out Iraq ASAP with or without UN approval and a vast majority think the UN is handling things poorly to pathetically.
2 posted on 03/12/2003 4:16:53 PM PST by Steven W.
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To: Steven W.
Soros is considered by some to be a hero. He's Michael Milkin with less ethics but a better PR man.

Soros made his money manipulating markets and now he thinks he has the right to push his socialist agenda on the rest of the world. He hates America, hates the idea of competition because he made his fortune through inside deal-cutting, so he has no respect for free enterprise or this nation.
3 posted on 03/12/2003 4:19:51 PM PST by Numbers Guy
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To: AndyJackson
"How can the open society survive unless those committed to its survival will preempt those miscreants who live in closed societies and are willing to resort to WMD for their ends?"

It cannot. Soros is a wealthy statist fool. Better that there be "Pax Americana" than universal socialist (or Islamic) tyranny.

4 posted on 03/12/2003 4:19:59 PM PST by Wonder Warthog (The Hog of Steel)
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To: AndyJackson
It is not too late to prevent the boom-bust process from getting out of hand. The U.N. could accede to chief weapons inspector Hans Blix's request for several months to complete his inspections. America's military presence in the region could be reduced, but it could be beefed up again if Iraq balks. Invasion could take place at summer's end. This would be a victory for the U.N. and for the United States whose prodding made the Security Council act resolutely. That is what the French propose, but that is not what is going to happen. President Bush has practically declared war.

So perhaps Soros would be willing to foot the bill to move 100,000 of the troops that are in the Gulf back to the states, then move them back to the Gulf in the fall, and also the bill for keeping the other 100,000 in the Gulf waiting.

Oh, and perhaps he will also be personally responsible for explaining to the families of our brave soldiers, why they have to be separated from their families for another six months so that the French and Germans can jerk-off in the UN.

The notion that our 'prodding' made progress possible is sophistry. No. 250,000 troops on Iraq's border made it possible.

Finally, the french have already betrayed us once. Their behavior now is directly contrary to their assurances to Bush when Resolution 1441 was passed. Why should we trust them to behave themselves in the Fall.

Soros is an idiot.

5 posted on 03/12/2003 4:22:26 PM PST by ModelBreaker
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To: AndyJackson
If George Soros has taken a position you can be sure it is motivated solely by profit. He just told us where his money is.

So9

6 posted on 03/12/2003 4:22:50 PM PST by Servant of the Nine (Republicans for Sharpton)
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To: AndyJackson
Needs something .... hmmm ... let me see .... is it more salt? No. This needs a BARF ALERT!
7 posted on 03/12/2003 4:24:18 PM PST by PackerBoy
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To: Numbers Guy
Soros made his money manipulating markets

He may have had some inside leads for some of his trades, but a lot of his money was made by betting against governments who tried to manipulate markets. It is just that despite his genius for making money, in other things he is no smarter than the next guy.

8 posted on 03/12/2003 4:24:46 PM PST by AndyJackson
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To: AndyJackson
This is reminiscent of George Orwell's Animal Farm: All animals are equal, but some animals are more equal than others. To be sure, the Bush doctrine is not stated starkly; it is buried in Orwellian doublespeak.

So is the entire anti-war movement, Mr. Soros.

Rule#6: No animal shall kill any other animal.
9 posted on 03/12/2003 4:28:26 PM PST by Hadean
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Comment #10 Removed by Moderator

To: AndyJackson
The rest of the world is opposed to the war?? Not hardly...no Arab country has come out against the war; Arafat hasn't even come out against it; if there was a unanimous resolution at the UN, how can the "rest of the world" be against the war?...

Germany and France are to blame for the problems in the EU and NATO, not the USA....

Soros should be glad that Bush is the Pres and the USA is a superpower...
11 posted on 03/12/2003 4:34:21 PM PST by Ecliptic
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To: AndyJackson
'I have always harboured an exaggerated view of my self-importance. I fancied myself as some kind of god or an economic reformer like Keynes (child rapist and socialist gravedigger of the British Empire), or, even better, like Einstein.'

-George Soros

12 posted on 03/12/2003 4:38:22 PM PST by AdamSelene235 (Like all the jolly good fellows, I drink my whiskey clear.)
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To: AndyJackson
Actually I agree with a lot of what he says. There is no way that the United States can - over the long run - pay for all the commitments it is setting itself up for.<br.
That said, the die is already cast for Iraq this spring. Holding off until the fall or winter is not in the interest of the United States. The UN can go to h*** on that idea.
13 posted on 03/12/2003 4:39:54 PM PST by glorgau
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To: Ecliptic
I am very familiar with Soros' theories about boom-bust cycles and the role of self-fullfilling prophecies in this process, but there are a number of problems in this article. First is the presumption that we are seeking world supremacy. Second is that boom-bust cycles have anything much to do with it. Soros has succumbed to the liberal efete intellectual snob disease. Discard the common sense explanation and find a really obscure one that no one else quite understands. The common sense explanation is that SH is a thug and needs to go - quickly. Soros even sort of flirts with this. Third are all of the other facts he got wrong.

It is truly astonishing that a Hungarian would confuse France and Germany with Europe - but he does.

14 posted on 03/12/2003 4:41:25 PM PST by AndyJackson
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To: AndyJackson
"The Bush administration believes that international relations are relations of power; legality and legitimacy are mere decorations."
That description might apply more to the French, for whom the letter of Resolution 1441 means anything but what it says. Yet since we are on the subject of bubbles, Soros might well ask himself how the the bubble of unenforced declarations, flaunted sanctions and ignored resolutions might fare in a world full of needles.

Just now, the Serbian Prime Minister is lying in a coffin and the Balkans are trembling on the edge. What treaty will Soros despatch to pull things back from the brink? When Portugal opined that they backed the United States because they could expect no help, in a pinch, from France, they were not referring to either the financial bubble that Mr. Soros might provide, nor to the airy assistance that France or the UN customarily sends.

The bubble.
15 posted on 03/12/2003 4:42:52 PM PST by wretchard
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To: AndyJackson
The only true International Laws are the Laws of Physics.
16 posted on 03/12/2003 4:43:05 PM PST by Dead Dog
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To: AndyJackson
In the long run, an open society cannot survive unless the people who live in it believe in it.

Uh, just what exactly does he mean by this pointless platitude? George Soros' entire essay is nothing but a thread of senseless, high sounding sentences strung together that supposedly make sense.

Just because one cannot see the bottom in a pool of water doesn't mean its deep, chances are it could be murky. Like this example of Soros murky reasoning.

17 posted on 03/12/2003 4:48:34 PM PST by elbucko (Blued Steel & Polished Walnut)
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To: Dead Dog
The U.N. could accede to chief weapons inspector Hans Blix's request for several months to complete his inspections. America's military presence in the region could be reduced, but it could be beefed up again if Iraq balks. Invasion could take place at summer's end.

One thing is for sure. George Soros knows nothing about military operations and logistics.

18 posted on 03/12/2003 4:48:59 PM PST by AndyJackson
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To: elbucko
In the long run, an open society cannot survive unless the people who live in it believe in it. - Uh, just what exactly does he mean by this pointless platitude?

And if you do believe in it, what do you do about the people like SH or even the French, who don't believe in it?

19 posted on 03/12/2003 4:50:43 PM PST by AndyJackson
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To: AndyJackson
One thing is for sure. George Soros knows nothing about military operations and logistics.

Exactly.

20 posted on 03/12/2003 4:57:51 PM PST by elbucko (Blued Steel & Polished Walnut)
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