A new year, and a new president plenty
of grist for my prediction mill, or, at least, for the obligatory January "predictions"
column. Not that there's anything special, really, about it: all punditry is
prediction, in an important sense. Every time a writer advocates a particular
policy or decries another, the author is predicting a certain outcome, good
or bad. The question is, which policies will win out in the battle of ideas?
As we look at the incoming administration, especially in the context of trends
that have been building over time, a certain scenario begins to emerge, with
the first act unfolding on the domestic stage:
- Hyperinflation and the collapse of the dollar. The trillions
President-elect Obama plans on spending to "cure"
[.pdf] our economic malaise will prove poisonous to the dollar, with hyperinflation
an inevitability. Whether this reaches Weimar
levels remains to be seen, but one can easily imagine all sorts of unpleasant,
- A barrage of legislation that aims to stop capital
flight, including draconian economic controls on the movement of money
across borders and the erection of a steep tariff
wall in the name of "national economic security." By the end of the year,
we will have so many economic czars, each in charge of their own economic
fiefdom, that Obama will have to appoint a czar-of-czars.
- More Israeli aggression. The Israeli offensive
in Gaza is but a prelude to a series of IDF military actions, possibly including
a third Lebanon blitz and an attack on Syria, the weakest link in the chain
of pro-Palestinian regional actors. The whole point of this extended exercise
is to involve the U.S. militarily.
This will lead logically to the fourth not-so-great expectation.
- The return of military
Keynesianism. To hear Paul
Krugman and the other left-liberal economic gurus tell it, all we have
to do is spend our way out of the doldrums, and that will do the trick. It
doesn't matter what we spend it on it could be pyramid-building, for
all they care just as long as we "jump-start" the economy with a "stimulus"
of freshly-printed greenbacks. That's
the ticket! And in the meantime, there will be plenty of jobs in Washington
for ambitious young "planners" and other disciples of Saint Keynes, whose
purview will be devising imaginative methods of expanding the ranks of government
workers. As Pat Buchanan pointed
out, this is the dreaded "earmarks" raised to a way of life. Inevitably,
this orgy of spending will include and perhaps even come to be dominated
by increased military
appropriations. After all, there are only so many bridges one can build
across the same river, and the accompanying rash of corruption sure to ensue
is going to put a cap on this kind of spending. One can always cloak cronyism
and $200 wrenches under the general rubric of economic collateral damage,
a regrettable but necessary byproduct of ensuring the national security.
- War. Preparations for war usually result in war, and there are several
candidates for 2009. The first is Iran,
which will undergo a prolonged diplomatic, political, and economic assault
before facing the prospect of American bombs falling on its cities. This,
however, may not turn out to be the main theater of American aggression in
the coming year: Afghanistan and Pakistan will see major
efforts by the U.S. to complete a mission that has already failed and
that no one is quite clear about any longer. The U.S.-Indian relationship
will grow, perhaps formalized by a pact and, in all likelihood, a visit by
Hillary Clinton not Obama to the region.
What the situation requires, however the economic situation, that is
is the invention of another Major Threat. Whether that turns out to be
Russia, as the
neocons would like; China, as the
labor unions would prefer; or al-Qaeda, again,
pulling off some spectacular 9/11-like operation, is an open question. Throw
in the prospect of another non-state actor usurping al-Qaeda's role as
global villain, and the possibilities are manifold and frighteningly
plausible. As for me, I'd place my bets on Russia. As in the Clinton
era, expect large-scale U.S. government-sponsored efforts to penetrate Central
An increasingly antagonistic relationship with China is also in our future,
especially after the Chinese government orders state-owned enterprises to call
in their American debt and offload
all those T-bills. If and when it comes, that is the conflict that will see
the AFL-CIO, the neocons, both major political parties, and a good proportion
of the paleoconservatives in the ranks of the War Party. The Taiwan lobby, an
old mainstay of the Cold War conservative movement, will make a comeback, as
the Republican Party "mainstream" makes a completely implausible
and unsuccessful effort to win over "working class" voters.
By the end of the year, plans for a U.S. withdrawal from Iraq will be put on
indefinite hold, as it's "discovered"
that Iran has infiltrated the Iraqi government at the highest levels, and U.S.
soldiers are called in to halt an alleged coup attempt by pro-Iranian officers
and militiamen. Iraq will increasingly become a battlefield in an ongoing proxy
war between the U.S. (and Israel, operating in Kurdistan) and Iran. Allegations
of Iranian interference in Pakistan and even Afghanistan will be raised by the
Clinton State Department, and we'll be subjected to another long campaign by
the War Party to target Tehran for destruction.
All in all, the prospects for liberty and peace in 2009 might be charitably
described as dim, although bleak seems more precise. My advice to my readers:
save your candles. The Dark Ages are coming. But, hey, I'm willing to be pleasantly
As I sit here, far removed from the hustle and bustle of the cities, gazing
up at a redwood whose tip is lost in swirling mist, the illusion of my own
exemption from the onrushing disaster persists. Perhaps it's just a defense
mechanism imposed by the structure of the human mind, the same safety valve
that blocks out the certainty of death and the ultimate tragedy of human existence.
In any case, whatever it is, it feels right and that's all I can ask
for the moment. So, in spite of my rather grim prognosis of the future we face,
I can say, with equanimity, Happy New Year, Antiwar.com readers! May the gods
protect you from the coming dark age, as they have so far thank Fortuna!