By Phyllis Bennis October 15, 2008
Foreign Policy in Focus
"The current economic crisis holds enormous dangers, even beyond its direct threat to jobs, homes, savings, and the well-being of millions of ordinary people in the U.S. The challenge will be, as ever, to find within the dangers the opportunities for positive change.
One rarely acknowledged danger is that while U.S. economic clout in the world is dropping dramatically, there is no concomitant drop in Washington's drive to remain the dominant power in the world. That means that as U.S. economic power wanes and with it, the diplomatic and political influence that follows money. What's left is military force......."