Thursday, May 13, 2004

When the voices of transnational capital (read: The Financial Times) feel they have to trot out all their bona fides as dyed-in-the-wool Republican-lovers on the way to offering scathing criticism of George W. Bush's foreign policy, you know the Boy King is in deep, deep trouble. As Martin Wolf said in yesterday's FT (subscription only), "If I feel Tony Blair has allied the UK too closely, then sympathy for this alliance must be perilously low."

For the coup de grace, Wolf offers the following send-off. The real question now is whether transnational capital will abandon the perks of cronyism and jump ship to the business-friendly "entrepreneurial democrat" waiting in the wings.
Crafting a foreign policy for a new era is hard. The last time this had to be done was in the time of Franklin Delano Roosevelt and Harry Truman more than half a century ago. The institutions they established and the values they upheld were the foundation of the successful US foreign policy of the postwar era. Now, a task even more complex has fallen on this president. He is not up to the job. This is not a moral judgment, but a practical one. The world is too complex and dangerous for the pious simplicities and arrogant unilateralism of George W. Bush.


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