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Comment: US Cannot Be A Superpower Without Friends - Even The Most Powerful Nation On Earth Needs Its Allies.

Europe Intelligence Wire

| October 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Banker)

Losing Treasury Secretary Paul O'Neill is not all that needs to happen to put the current US administration on track. In short, a whole new strategy is needed. As the US builds up for a possible war with Iraq, unsupported by the international community, it is clear that America has lost its way.

The most powerful nation on earth America may be but even military dictators don't rule in a vacuum. Rather, they build coalitions of support and pragmatically adapt policies that are unpopular or unworkable.

America is only a superpower by virtue of its links with the international economy. From economics follows the political dimension. International free trade and global capitalism cannot flourish without the active support of like-minded governments and international bodies such as the IMF and World Bank, much maligned as these institutions are.

These risks cannot ...

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