Long Live US Imperialism
Long Live U.S. Imperialism – Christian Caryl, Newsweek
A few weeks ago, as the U.S. financial crisis was causing ripples of anxiety throughout world markets, I was on the nuclear-powered aircraft carrier USS George Washington as it sailed into the Japanese port it will be calling home for the next few years. As the immense ship pirouetted around its axis in the middle of Yokosuka Harbor before backing up to its berth, it occurred to me that there are few manifestations of American power more awe-inspiring than an aircraft carrier. I’ve seen many other examples of America’s military reach—from Kosovo to Central Asia, Guam to Iraq—but the George Washington takes the cake. It has 5,200 members on board, and its galleys serve 18,000 meals a day. It is home to an entire Navy air wing of 60 to 70 planes altogether. It’s as tall as a 24-story building. And thanks to its nuclear reactors, it can stay out at sea, well, pretty much forever.
Conventional wisdom has it that the George Washington is soon to become an empty symbol. According to everyone from Hamas to Maureen Dowd of The New York Times, the American Empire is over. The era of U.S. hegemony is done for, finito. The reason is simple enough: the financial and economic crisis is already tipping the United States into recession. The huge amounts of money now being spent on reviving the banking system will crimp America’s leading role in the world. Whoever the next president is, he’ll find it hard to push-through dramatic tax increases; and without additional revenue, the already huge U.S. budget deficit can only get bigger. Aircraft carriers like the George Washington cost $4.5 billion a pop, and keeping them afloat isn’t much cheaper. In 2007, the Department of Defense budget was about $440 billion—and that didn’t include additional funding for the wars in Iraq and Afghanistan, which add more to the bill. Surely the sheer lack of cash will end up restraining Washington’s ambitions to remake the world.
There’s just one problem with this thesis: The United States was short on cash long before this latest crisis hit, but that didn’t stop it from continuing to build up the world’s most formidable military…
More at Newsweek.
