The Shareholder Model

From the issue

IRAQ HAS demonstrated both the extent and the limitations of American power. The relatively swift ground campaign reinforced the lessons of the first Gulf War, Kosovo and Afghanistan: the United States possesses unparalleled military might and can bring overwhelming force to bear on any opponent. This is not, however, the whole story, for America's unchallenged military supremacy has not enhanced its ability to create and sustain broad international coalitions to pursue its long-term agenda. Realists understand the need to attract "investors" in continued American leadership, rather than relying on military pyrotechnics to produce consensus. Therefore, Washington must make it clear, not only through words, but through concrete actions, that other states have a stake in the international system and in the agenda that America sets. This does not mean that the United States offers other actors veto power over American policy. The United States must act, unilaterally if necessary, to protect its vital interests. But it does mean recognizing that "to get along, go along"--that other states are likely to accede to American leadership if their interests are bound up with ours and if they believe that acceding to Washington's requests enhances their own interests.

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February 13, 2012