Spengler writes in the Asia Times Online, “Rather than a tariff war, the world will face a disruption of the global supply chain, major dislocations in high-technology trade, shocks to pricing, and a return to national autarky in a number of economic policies. The result will be ugly in economic terms, and it will raise strategic tensions everywhere in the world. Hard to imagine an American policy initiative stupider than its attempt to export democracy to Iraq, this will go down as the dumbest thing America ever did.”
I cut through the partisan miasma and actually perform a cost/benefit analysis of Putin’s proposed joint-Russian-U.S. cyber warfare unit.
In an increasingly dangerous and fragmented world, the U.S. will need to deter its foes and reassure its friends. However, current economic conditions make such a policy dubious at best. Therefore, this article will discuss how key defense budget reforms will allow for the proper allocation of funds to support the deterrence and reassurance strategy.