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101. Never Saw It Coming

Author:
Alan Greenspan
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
It was a call I never expected to receive. I had just returned home from playing indoor tennis on the chilly, windy Sunday afternoon of March 16, 2008. A senior official of the U.S. Federal Reserve Board of Governors was on the phone to discuss the board's recent invocation, for the first time in decades, of the obscure but explosive Section 13(3) of the Federal Reserve Act. Broadly interpreted, that section empowered the Federal Reserve to lend nearly unlimited cash to virtually anybody: in this case, the Fed planned to loan nearly $29 billion to J.P. Morgan to facilitate the bank's acquisition of the investment firm Bear Stearns, which was on the edge of bankruptcy, having run through nearly $20 billion of cash in the previous week.
Political Geography:
United States

102. Why Banking Systems Succeed -- And Fail

Author:
Charles W. Calomiris and Stephen H. Haber
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
People routinely blame politics for outcomes they don't like, often with good reason: when the dolt in the cubicle down the hall gets a promotion because he plays golf with the boss, when a powerful senator delivers pork-barrel spending to his home state, when a well-connected entrepreneur obtains millions of dollars in government subsidies to build factories that will probably never become competitive enterprises. Yet conventional wisdom holds that politics is not at fault when it comes to banking crises and that such crises instead result from unforeseen and extraordinary circumstances.
Topic:
Government and Politics

103. Bridge to Somewhere

Author:
Jose W. Fernandez
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
International development has moved beyond charity. Gone are the days when the United States would just spend its seemingly bottomless largess to help less fortunate or vanquished countries, as it did after World War II. International development has reached a new, globally competitive stage, bringing with it enormous strategic and economic implications for the United States in the years ahead.
Topic:
Development and War
Political Geography:
United States

104. The Devolution of the Seas

Author:
Alan B. Sielen
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Of all the threats looming over the planet today, one of the most alarming is the seemingly inexorable descent of the world's oceans into ecological perdition. Over the last several decades, human activities have so altered the basic chemistry of the seas that they are now experiencing evolution in reverse: a return to the barren primeval waters of hundreds of millions of years ago. A visitor to the oceans at the dawn of time would have found an underwater world that was mostly lifeless. Eventually, around 3.5 billion years ago, basic organisms began to emerge from the primordial ooze. This microbial soup of algae and bacteria needed little oxygen to survive. Worms, jellyfish, and toxic fireweed ruled the deep. In time, these simple organisms began to evolve into higher life forms, resulting in the wondrously rich diversity of fish, corals, whales, and other sea life one associates with the oceans today.

105. Google's Original X-Man

Author:
Sebastian Thrun
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Sebastian Thrun is one of the world's leading experts on robotics and artificial intelligence. Born in Solingen, Germany, in 1967, he received his undergraduate education at the University of Hildesheim and his graduate education at the University of Bonn. He joined the computer science department at Carnegie Mellon University in 1995 and moved to Stanford University in 2003. Thrun led the team that won the 2005 DARPA Grand Challenge, a driverless car competition sponsored by the U.S. Defense Department, and in 2007, he joined the staff of Google, eventually becoming the first head of Google X, the company's secretive big-think research lab. He co-founded the online-education start-up Udacity in 2012. In late August, he spoke to Foreign Affairs editor Gideon Rose in the Udacity offices.
Political Geography:
United States and Germany

106. The Spoils of War

Author:
Max Hastings
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
For decades, World War II suffused the hearts and minds of the American generation that experienced it as “the good war,” in which Allied virtue eventually triumphed over fascist evil. Today, Western societies are mature enough to adopt a more nuanced perspective. There remains no doubt that “our side” deserved to win; terrible consequences would have befallen the world following an Axis victory. But the Allied cause was morally compromised by the need to enlist the services of Joseph Stalin's tyranny in order to defeat the forces of Adolf Hitler, Benito Mussolini, and Hideki Tojo.
Topic:
War
Political Geography:
America

107. India and Ideology

Author:
Pankaj Mishra
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
According to Perry Anderson's new book, The Indian Ideology, India's democracy -- routinely celebrated as the world's largest -- is actually a sham. It is fatally compromised by its origins in an anticolonial struggle led by the “monolithically Hindu” Congress party, which Anderson holds largely responsible for the bloodiness of the partition of the British-ruled subcontinent in 1947. Anderson describes India's most famous leader, Mahatma (“Great Soul”) Gandhi, as a crank and a “stranger” to “real intellectual exchange.” Jawaharlal Nehru, Gandhi's political disciple and India's first prime minister, was a mediocrity. And both of these upper-caste maladroits were considerably inferior to their sharpest critic, B. R. Ambedkar, the leader of the Dalits (low-caste Hindus) and the main framer of India's constitution.
Political Geography:
India

108. In Search of the Real China

Author:
John Pomfret
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
My First Trip to China: Scholars, Diplomats, and Journalists Reflect on Their First Encounters With China. 
Edited by Kin-Ming Liu. East Slope Publishing, 2012, 316 pp. $28.00. Over the last decade or so, historians and journalists have chipped away -- some with sledgehammers, others with mallets -- at several long-standing myths about China's past. China wasn't all darkness and pain before the communist revolution of 1949, and Western efforts to change the country, long portrayed by historians as a tragic dead end, have been far more successful than anyone could have ever dreamed -- to cite just two. The weight of these and other revelations should demand a fundamental reassessment of China's position in the world, both in the past and going forward. But don't hold your breath. China scholars and average citizens alike still cling to their own personal notions of the “authentic” China, deeply rooted in the soil of their imaginations.
Political Geography:
China

109. Border Battle

Author:
Enrique Krauze
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
A Wicked War: Polk, Clay, Lincoln, and the 1846 U.S. Invasion of Mexico. By Amy S. Greenberg. Knopf, 2012, 344 pp. $30.00 (paper, $16.95). Every country sooner or later confronts the sins of its past, though rarely all at once. In recent decades, historians of the United States have revealed and explored the sins of American imperialism, recounting in detail Washington's interventions in Latin America, Southeast Asia, and the Middle East. Yet they have largely overlooked American meddling in Mexico. Consequently, few in the United States recognize that the Mexican-American War (1846–48) was Washington's first major imperialist venture. Fewer still would understand why future U.S. President Ulysses S. Grant, who fought in Mexico as a lieutenant in the U.S. Army, would come to see it as the country's most “wicked war.”
Topic:
War
Political Geography:
United States, Washington, Middle East, Latin America, Mexico, and Southeast Asia

110. The Case for International Law

Author:
Harold Hongju Koh and Michael Doyle
Publication Date:
12-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
In “The War of Law” (July/August 2013), Jon Kyl, Douglas Feith, and John Fonte purport to explain the state of international law and how it “undermines democratic sovereignty.” Their portrayal, however, hardly rises above caricature. Their legal prescriptions ignore constitutional history and, if followed, would drastically weaken U.S. foreign policy. The authors may not like the contemporary practice of international law, but their own ideas are painfully antiquated, better suited to an insular nineteenth-century nation than the great power the United States has become.
Topic:
Foreign Policy, International Law, and Law
Political Geography:
United States