A Grand Strategy

Fareed Zakaria hits the bulls eye again in this article about the changing world and a compelling need for a new "grand strategy" that is FAR different than any the United States has attempted to execute in the past.

We may still be the lone superpower on the planet, but our waning influence no longer allows us the luxury of acting as though we were.

Zakaria eloquently expresses why the "rise of the rest" of the growing nations, especially, China, India, Russia, Brasil, et. al. now compels us to pursue a world where fully functional alliances and partnerships are the rule instead of the exception.

Want one example? Think about the many hundreds of billions of dollars the federal government is about to throw at our economy to keep it afloat. There are only two ways to accomplish that: either print more money (and fuel hyper-inflation) or sell U.S. bonds and notes to someone. That someone has to be China, which recently passed Japan as the single largest holder of U.S. government debt on the planet. We had better learn to get along with the Chinese.

Highly recommended reading.