When I First Came To

My Arguments For Liberal Empire Or Whatever You Want To Call It - Hegemony, Primacy, You Name It - Are Really Activated By A Sense That The Alternatives Involve More Violence, More Repression, More Hardship.

In Stalin's Russia Racial Persecution Was Often Disguised As Class Warfare. More Than 1.5 Million Members Of Ethnic Minorities Died As A Result Of Forced Resettlement.

In The Old Days It Would Have Been A Relatively Simple Matter To Have Checked Hitler's Territorial Ambitions. All You'd Have Needed Would Have Been The 1914 Combination Of Britain, France And Russia. Indeed, If Such An Alliance Had Acted Decisively To Defend Czechoslovakia In 1938, Hitler Might Even Have Been Overthrown By His Own Military. But It Was Not To Be.

If The Financial System Has A Defect, It Is That It Reflects And Magnifies What We Human Beings Are Like. Money Amplifies Our Tendency To Overreact, To Swing From Exuberance When Things Are Going Well To Deep Depression When They Go Wrong. Booms And Busts Are Products, At Root, Of Our Emotional Volatility.

You Really Struggle To Be A Successful Empire If You Are Also The World's Biggest Debtor.