Should the US Still Police the World?

This was a debate between Bret Stephens and Jamie Kirchick for the affirmative and Matt Taibbi (without his baseball cap) and Lee Fang for the negative. You can and should watch it here: https://open.substack.com/pub/bariweiss/p/a-free-press-live-debate-on-foreign?r=1n8osb&utm_campaign=post&utm_medium=web

The affirmative side (Jamie and Bret) only seemed to understand policing in military terms. The idea that there might be good and bad policing never seemed to cross their minds. Bearing in mind that I was a member of the Coalition Provisional Authority in Iraq for its final two months and made 22 visits to Afghanistan from 2002-2013 (not to mention my years of work with the IMF in Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Serbia, and South Sudan), my experience has been that when led by our military, which is quite good at fighting, our policing is generally inept (to understate it considerably). Warren Coats life and travels

Jamie and Bret’s blindness sadly reflects the single-minded understanding of neocons of what our leadership role in the world should look like (military involvement and wars).  This blindness is shockingly visible in the debate. America must and should be involve in the world we are part of. We should promote the values of peace and freedom that have America the envy of the world. That means actively working to be a good neighbor and to help fashion the rules and norms of cross border cooperation (for the cross-border movement of goods, people, digital messages and value, etc.). We potentially have a lot to offer in such a role in our own self-interest and for the betterment of the world.

But when we have led with our Army, our “leadership” has been rotten for the world and for us. We are bad colonial rulers as I have seen first hand. These points were made by Matt and Lee who mopped the floor with Bret and Jamie. By the vote of those listening, Matt and Lee won the debate but were still supported by a minority of those voting. God help us.

More recently, our unconscionable support of Israel’s vicious slaughter of its neighbors in Gaza and the West Bank and now its invasion of Lebanon, has destroyed any remaining respect we had as a world leader.  https://wcoats.blog/2024/10/05/score-card/

Author: Warren Coats

I specialize in advising central banks on monetary policy and the development of the capacity to formulate and implement monetary policy.  I joined the International Monetary Fund in 1975 from which I retired in 2003 as Assistant Director of the Monetary and Financial Systems Department. While at the IMF I led or participated in missions to the central banks of over twenty countries (including Afghanistan, Bosnia, Croatia, Egypt, Iraq, Israel, Kazakhstan, Kenya, Kosovo, Kyrgystan, Moldova, Serbia, Turkey, West Bank and Gaza Strip, and Zimbabwe) and was seconded as a visiting economist to the Board of Governors of the Federal Reserve System (1979-80), and to the World Bank's World Development Report team in 1989.  After retirement from the IMF I was a member of the Board of the Cayman Islands Monetary Authority from 2003-10 and of the editorial board of the Cayman Financial Review from 2010-2017.  Prior to joining the IMF I was Assistant Prof of Economics at UVa from 1970-75.  I am currently a fellow of Johns Hopkins Krieger School of Arts and Sciences, Institute for Applied Economics, Global Health, and the Study of Business Enterprise.  In March 2019 Central Banking Journal awarded me for my “Outstanding Contribution for Capacity Building.”  My recent books are One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina; My Travels in the Former Soviet Union; My Travels to Afghanistan; My Travels to Jerusalem; and My Travels to Baghdad. I have a BA in Economics from the UC Berkeley and a PhD in Economics from the University of Chicago. My dissertation committee was chaired by Milton Friedman and included Robert J. Gordon. I live in National Landing Va 22202 View all posts by Warren Coats