By Sergio CesarattoWith a certain pride I remember having already mentioned for some years, within the framework of my economic courses, political realism in international relations and International Political Economy. I did so in academic contexts in which an uncritical Europeanism based on liberal thinking prevailed (and prevails) according to which the world is divided into good and bad. The book, which I suggested for reading to my students (Sorensen 2005), published in Italian by...
Read More »How much longer can Ukraine and Russia continue to fight, and what are the prospects for escalation versus stalemate?
Dmitri Alperovitch asks how Ukraine will pay for its war if it cannot export in this thread: Let’s talk about the state of the war and one of the most underreported yet crucially important issues: Russian blockade of Ukrainian ports and resulting strangulation of the country’s economy 🧵 — Dmitri Alperovitch (@DAlperovitch) April 30, 2022 The full thread is worth reading but here is the key part: Last week I pointed to Yuriy Gorodnichenko‘s estimate that Ukraine needed about 40-50% of...
Read More »Every war has both psychological and strategic roots, and we don’t need to choose just one explanation
That is my op-ed in today’s WSJ. You don’t get to pick your headlines, and I am guessing “The Strategic Logic of Russia’s War on Ukraine” will get misinterpreted somewhat.My view: this is a war driven by Mr. Putin’s psychology, but like all psychological roots of war, they are only decisive when the strategic bargaining space is so narrow. Some will see this as a rationalist take on war, but this is only partly true (and it’s a term I loathe). That’s because it’s not an either/or—strategic...
Read More »Sleepwalking into war
In a broad-ranging discussion the other day about the path of political and economic policy over the last decade, I found myself returning again and again to events in 2014. Events that were apparently unrelated: Bulgaria's banking crisis, Moldova's banking fraud, the collapse of Banco Espirito Santo, the election of Syriza in Greece, the first Scottish independence referendum, UKIP's success in two Westminster by-elections as well as local and European elections. And in Ukraine, the...
Read More »Up with international relations theory, down with the -isms, and down with the certainty
Putin’s invasion of Ukraine has rekindled another, potentially more bitter conflict: the long-running war between international relations school of thought. You may have read the Mearshimer interview in the New Yorker that roiled so many, defending his version of realism. Maybe you read Stathis Kalyvas’ defense of constructivism. Or one of a thousand tweets, raging against or loving an IR take. If you’re like most people, however, you’re just confused. If so, forgive yourself. I spent years...
Read More »The danger of demonization
Some lessons from the last war seem relevant for the current one. What I’ve been reading: …The Taliban in 2002 were broken. After fleeing Kandahar, Mullah Omar hid out in northern Helmand, Uruzgan, and Zabul. A new direction for the movement had yet to coalesce. Various commanders were preparing to continue the war, a few in al-Qa‘eda and militant camps in Pakistan. Others were resting in Pakistan or attempting to retire to community life inside Afghanistan. A number wanted to cooperate with...
Read More »A coherent and (mostly) strategic explanation for war in Eastern Europe emerges?
Yesterday Russia moved to consolidate its control over eastern separatist regions of Ukraine. People bickered over whether this constituted an invasion, at which point Noah Smith won Twitter for the day: If it’s not from the Invasion region of southern France, then it’s not an invasion, it’s just a sparkling annexation — Noah Smith 🌐+🧦=🐇 (@Noahpinion) February 22, 2022 I’m only medium-good at tweets, and I don’t have much experience at all with Russia or Ukraine. But what I can do is parse...
Read More »The most worrisome thing I’ve read on Russia
A few weeks ago I explained why I thought a Russian invasion of Ukraine was unlikely. Last week I said rumors of another American civil war are exaggerated. That’s when my colleague Konstantin Sonin tweeted something unexpected, connecting the two: My @HarrisPolicy colleague @cblatts has an excellent piece on prospects of a new civil war in the U.S. I wish Kremlin had read this some time ago – you wouldn’t believe to what extent they rely on the idea that the U.S. is on the brink of a civil...
Read More »War in Ukraine seems unlikely but, for the US and Europe, peace will taste bitter
If more U.S.-Russia talks are to happen, what should be on the table? Thomas Graham and Rajan Menon, writing in Politico Magazine, attempt to thread the needle of Russia’s Ukraine demands by considering a moratorium on the country’s future NATO membership amid a larger security compromise. “Now is the time to think big and imagine a new, more durable order, one that can encompass Russia,” they write. Others go further, with Anatol Lieven, writing in the Quincy Institute for Responsible...
Read More »Currency Wars and the Fall of Empires
This post was first published on Pieria in July 2013. I have re-posted it here on Coppola Comment because it now seems terribly, terribly timely. I have been reading James Rickards' book Currency Wars. In this, Rickards reviews the use of fiat currency over the course of the last century, and concludes that the present global fiat currency system is inherently unstable and on the point of collapse. He calls for return of the gold standard to stabilise firstly the US dollar and, following...
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