Blowback, Second Edition: The Costs and Consequences of American Empire

Alchemist Who Turned Gold into Lead,” New York Times, September 25, 1998; “Crony Capitalism,” Nation, October 19, 1998; Timothy L. O’Brien and Laura M. Holson, “Hedge Fund’s Star Power Lulled Big Financiers into Complacency,” New York Times, October 23, 1998; Gretchen Morgenson and Michael M. Weinstein, “Two Nobel Economists Get a Lesson in Real Economics,” New York Times, November 14, 1998; “On Regulating Derivatives,” New York Times, December 15, 1998; and Leon Levy and Jeff Madrick, “Hedge Fund Mysteries,” New York Review of Books, December 17, 1998.

12. Martin Mayer, “Bailing Out the Billion-Bettors,” Los Angeles Times, October 5, 1998.

13. Evelyn Iritani, “Trade Meeting Opens with a Spat,” Los Angeles Times, November 14, 1998; Mark Landler, “Gore, in Malaysia, Says Its Leaders Suppress Freedom,” New York Times, November 17, 1998; Bob Drogin, “Gore Gets Scolding from APEC, Business Leaders,” Los Angeles Times, November 18, 1998; and Tom Plate, “Gore’s Inept Criticism of the Malaysian President Has Hurt the U.S. All Over Asia,” Los Angeles Times, November 24, 1998.

14. Robert Kuttner, “Shock Treatment for Korea Is Playing with Fire,” Boston Globe, January 4, 1998.

15. Jeffrey Sachs, “The IMF and the Asian Flu,” American Prospect, March—April 1998, pp. 16–21. Also see Sachs, “The ‘Rescuer’ Created the Crisis,” Los Angeles Times, January 18, 1998.

16. David Holley, “Asian Nations Plan to Set Up Money Fund,” Los Angeles Times, October 2, 1997; Edward A. Gargan, “Asian Nations Affirm I.M.F. as Primary Provider of Aid,” New York Times, November 20, 1997; and Art Pine, “Summers a Hot Commodity in Asian Crisis,” Los Angeles Times, January 16, 1998.

17. David Hale, “Will Indonesia’s Stock Market Track Berlin in 1923?” Zurich Insurance Group (internal paper), March 9, 1998.

18. Los Angeles Times, February 14, 1998.

19. “Brazil Sacrifices Rain-Forest Funds to Appease IMF on Spending Cuts,” San Diego Union-Tribune, January 1, 1999. For details on the environmental consequences of the crisis in East Asia, see Deanna Donovan, “Strapped for Cash, Asians Plunder Their Forests and Endanger Their Future,” Analysis from the East-West Center, no. 39 (April 1999).

20. For Greenspan’s remarks, see David E. Sanger, “Greenspan Sees Asian Crisis Moving World to Western Capitalism,” New York Times, February 13, 1998. For Asian reactions, see Takashi Kawachi, “A New Backlash Against American Influence,” Japan Echo, April 1998, pp. 44–47; and Philip Courtenay, “Versions of Capitalism Vie for Ascendancy in Asia,” Free China Journal, March 19, 1999, p. 7.

21. Richard N. Haass and Robert E. Litan, “Globalization and Its Discontents, Navigating the Dangers of a Tangled World,” Foreign Affairs 77.3 (May–June 1998), pp. 2–6.

10: The Consequences of Empire

  1. Los Angeles Times, November 24, 1998. See also Jim Mann, “Foreign Policy of the Cruise Missile,” Los Angeles Times, December 23, 1998.

  2. Charles Maechling Jr., “Erratic U.S. ‘Leadership’ on Display in Iraq Crisis,” International Herald Tribune, March 23, 1998.

  3. Mark Yost, “Tragedy Shouldn’t Drive U.S. from Okinawa,” Asian Wall Street Journal, December 18, 1995.

  4. Quoted in Andrew J. Bacevich and Lawrence F. Kaplan, “Battle Wary,” New Republic, May 25, 1998, p. 20.

  5. Los Angeles Times, November 13, 1998.

  6. The Rise and Fall of the Great Powers, 1988, p. 513.

  7. Alfred Vagts, A History of Militarism (New York: W. W. Norton, 1937), p. 11.

  8. David P. Calleo, Beyond American Hegemony: The Future of the Western Alliance (New York: Basic Books, 1987), p. 142.

  9. Ashok K. Nath, “A Crisis That Has a Beginning, but No End,” Asia 21, (April 1999), pp. 29–32.

10. “Nike to Raise Entry-Level Wages for Indonesian Workers,” Dow Jones Newswires, March 23, 1999. See also Mark Gibney, “Treat Overseas Workers Fairly—by Law, Not Whim,” Los Angeles Times, May 25, 1998.

11. Los Angeles Times, February 2, 1999.

12. Los Angeles Times, January 25, 1998.

13. Jacob Margolies, “Bad Loans a Great Opportunity for Investment Adviser,” Daily Yomiuri, August 4, 1998.

14. Dean Calbreath, “Thai Buys: San Diego Investors Join Land Rush Started by Asia’s Fiscal Woes,” San Diego Union- Tribune, December 9, 1998.

15. James Flanigan, “Steel’s Protest on Imports Warns of Dangers to All,” Los Angeles Times, November 8, 1998; and Leslie Wayne, “American Steel at the Barricades,” New York Times, December 10, 1998.

16. Mark Magnier, “Japan’s Change in Rice Policy Could Hurt State’s Exports,” Los Angeles Times, December 18, 1998.

INDEX

The index that appeared in the print version of this title does not match the pages in your eBook . Please use the search function on your eReading device to search for terms of interest. For your reference, the terms that appear in the print index are listed below.

ABRI (Indonesian armed forces)

Aceh “military operational zone”

Advisory Committee on Historical Diplomatic Documentation

Afghanistan

Soviet invasion of

AIDS

Air Force, U.S.

special forces

Albania

Albright, Madeleine

Algeria

Allen, Richard

Allende, Salvador

American empire

coming crisis in

consequences of

created during Cold War

defined

and dictators

and economic crisis of 1997

economic drain of

and economic policy

future of

and human rights abuses

Japan and economics of

militarism and

and oil

and Soviet Union

Anderson, Jon Lee

Anderson, Perry

Angola

Anti-Ballistic Missile Treaty

Aquino, Corazon

Argentina

Arias, Oscar

Arms Control and Disarmament Agency

Arms Export Control Act

arms race

arms sales

and Indonesia

and Japan

and private contractors

and Taiwan

and Turkey

Army, U.S.

Special Forces Command

Aron, Raymond

Arrighi, Giovanni

Asahi bank

Asahi newspaper

ASEAN (Association of Southeast Asian Nations)

Asia-Pacific Economic Cooperation forum (APEC)

Asia-Pacific summit (1993)

“Asian values”

Asian Wall Street Journal

Asia Properties

Asiaweek

Atlantic Council

Atsugi base

Aung San Suu Kyi

Australia

Austria

authoritarianism, and development

B–2 bombers

B–52 bombers

Baltimore Sun

Bamaca Velasquez, Efrain

Bankers Trust

banking system

and crisis of 1997

Indonesian

Japanese

Bank of Tokyo

Benes, Edvard

Berger, Sandy

Berlin Wall

Bhagwati, Jagdish

bin Laden, Osama

bipolar confrontation

Birdwell, Billy

Blair, Dennis