This is a thoughtful discussion of the how US foreign policy affects economic policy, both in the US and abroad. Some readers may consider the objectives to be quixotic, in that the aim of the conversation is to envision how the US could shift its policies for the betterment of US citizens economically, as well as, needless to the say, to the benefit of people abroad.
The speakers are all insiders and readers will notice that they drifted into bloodless insider-esee. You will need to translate what they said out of that mode of discourse, since they do present some grim facts, such as the high cost of our Middle Eastern misadventures to veterans, and the eventual high cot to citizens (assuming, of course, that The Powers That Be don’t go full neoliberal and renege on their promises to the troops) and the fact the TPP negotiators made a show of soliciting views of NGOs and other “stakeholders”.
The participants are Robert Johnson of theInstitute for New Economic Thinking, Brad DeLong, Professor of Economics at UC Berkeley, Linda Bilmes of Harvard Kennedy School, Steve Clemons of the Atlantic and Emira Woods, of the Institute for Policy Studies.
Here are some of key points within the discussion.
8:19 The astronomical deferred costs of the wars in Afghanistan and Iraq
24:53 Linda Bilmes: Because of privatization, we’ve changed the social contract of who’s in the military
35:23 Emira Woods: The three-legged stool of American foreign policy (defense, diplomacy & development) is drastically unbalanced
43:39 Brad DeLong: How World War II warped the American vision of the role we should play in the world
58:35 Steve Clemons: 9/11 ended Rumsfeld’s era of hard choices surrounding the post-Cold War military
1:06:20 Can shifting demographics push the U.S. towards a more development-minded foreign policy?
1:10:16 What are the costs and benefits of TPP for the U.S. economy?
1:26:32 Rob Johnson closing statement on the crisis of representation. How do we balance democracy & concentrated economic power?