The world is changing – for the better? 5

We are witnessing a seismic shift in global affairs. The shake-up is a perfect storm of political, demographic and technological change that will soon make the world as we have known it for the last 30 years almost unrecognizable.

Those attention-gripping words open an article by Victor Davis Hanson at Townhall:

Since the mid-1980s there have been a number of accepted global constants. The European Union was assumed to have evolved beyond the nation-state as it ended the cycle of militarism and renounced free-market capitalism. With its strong euro, soft power and nonaligned foreign policy, the EU was praised as a utopian sort of foil to the overarmed U.S. with its ailing dollar. …

The Arab Middle East for the last 40 years seemed to be the world’s cockpit, as its huge petroleum reserves brought in trillions of dollars from an oil-depleted West, along with political concessions. Petrodollars fed global terrorism. Oil-poor Israel had little clout with Europe. In general, the West ignored any human-rights concerns involving the region’s oil-rich dictatorships, monarchies and theocracies, as well as their aid to Islamic terrorists.

Conventional wisdom also assumed that an indebted U.S. was in permanent decline, a cash-rich China in ascendency. …

But none of that conventional wisdom now seems very wise — largely because of a number of technological breakthroughs and equally unforeseen political upheavals.

The eurozone is unraveling. An aging, shrinking population and a socialist welfare state lead to serfdom, not utopia. …

The Arab Middle East is now in a free fall. Tyrants in Egypt, Libya, Tunisia and Yemen were ousted, while one in Syria totters. But while the world hoped secular democrats would follow in their wake, more likely we are witnessing the emergence of one-election Islamists like the Muslim Brotherhood. The region will be mired in turmoil whether these upheavals turn out to be like the hijacked Iranian revolution that ended in theocracy, or the Turkish democratic model that is insidiously becoming Islamist.

Horizontal drilling and fracking have made oil shale and tar sands rich sources of oil and natural gas, so much so that the United States may prove to possess the largest store of fossil fuel reserves in the world — in theory, with enough gas, oil and coal soon never to need any imported Middle Eastern energy again. “Peak oil” is suddenly an anachronism. Widespread American use of cheap natural gas will do more to clean the planet than thousands of Solyndras.

If the United States utilizes its resources, then its present pathologies — massive budget and trade deficits, mounting debt, strategic vulnerability — will start to subside. These new breakthroughs in petroleum engineering are largely American phenomena, reminding us that there is still something exceptional in the American experience that periodically offers the world cutting-edge technologies and protocols — such as those pioneered by Amazon, Apple, Google, Microsoft, Starbucks and Walmart.

In comparison, China is not only resource-poor but politically impoverished. For decades we were told that Chinese totalitarianism, when mixed with laissez-faire capitalism, led to sparkling airports and bullet trains, while a litigious and indulgent America settled for a run-down LAX and creaking Amtrak relics. But the truth is that the Los Angeles airport will probably sooner look modern than the Chinese will hold open elections amid a transparent society — given that free markets did not make China democratic, only more contradictory.

Even more surreal, tiny oil-poor Israel, thanks to vast new offshore finds, has been reinvented as a potential energy giant in the Middle East. Such petrodollars will change Israel as they did the Persian Gulf countries, but with one major difference. Unlike Dubai or Kuwait, Israel is democratic, economically diverse, socially stable and technologically sophisticated, suggesting the sudden windfall will not warp Israel in the manner it has traditional Arab autocracies, but instead become a force multiplier of an already dynamic society. Will Europe still snub Israel when it has as much oil, gas and money as an OPEC member in the Persian Gulf?

Good, good – but Islam is still waging jihad and spreading sharia law; and the UN still exists; and Iran is still becoming a nuclear power; and Obama is still occupying the Oval Office.

  • Liz

    I think getting Obama out of office will be the cutting of the thread that will cause the rest of the fabric to unravel. With him and his cronies out of the way Islam, the UN, Iran, etc, will have no-one there to give them crediblility and support.  

  • GTChristie

    If we suppose that USA could become energy independent, no longer feeding petro-dollars to the Arabs (not to mention Venezuelans), it’s possible that this country could return to real prosperity simply by keeping more dollars at home. Factories would be cheaper to run; manufacturing might rebound, etc. This also implies that at some point we would run trade surpluses, and a growing economy might fill the tax coffers, “balancing the budget.” But there is a problem we must solve even if all these golden dreams pan out. The last two times our government calculated budget surpluses — at the beginning of the Kennedy administration and again at the end of the Clinton administration — the first question on Congress’ mind (even when Republicans controlled it) was “how should we spend it?” That thought process needs to stop, or else big government will keep pace with revenue growth and soak up every dime of any budget surplus. If surpluses do materialize, every dime needs to go back to the American people in the form of lower taxes. If that doesn’t happen, it won’t matter how much oil and gas we suck out of the ground. Congress will burn it off.

    Meanwhile concerning the Middle East, if ever petro-politics turns favorable for our side, still there will be an ideological problem. Let us not forget, at every opportunity, to remind anyone in our editorials that regardless what Islamism is, theologically, politically it is totalitarianism. Keep this in focus and say it as often as you can.

    • GTChristie

      LOL … “to remind anyone within earshot of our editorials”
      to proofread before we “send.”

  • Frank

    If Obama gets re-elected the United States will go the same route as Greece. In my opinion this election is the last chance to save the country from eventual financial collapse.

    • WmarkW

       I disagree, unless it leads to most illegals getting the vote.

      If Obama wins, it will be the last hurrah of liberalism as it’s been defined for half a century. The new paradigm will be that government doesn’t owe anybody anything, except the senior’s self-funded old age obligations.  Americans are growing sick of demographic groups claiming society owes them stuff.