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Created: 27/06/2013 at 9:56 AM Updated: 22/03/2015 at 11:56 PM

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Read an Excerpt of Noah Feldman's 'Cool War'

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Are we on the brink of a new Cold War? The United States is the sole reigning superpower,  but it is being challenged  by the rising power of  China,  much  as ancient  Rome was challenged  by Carthage and Britain  was challenged  by Germany  in the years before World War I. Should  we therefore  think  of the United States  and China as we once did about the United States and the Soviet Union, two gladiators doomed  to an increasingly globalized  combat  until one side fades?
 
Or are we entering a new period of diversified global economic cooperation in  which  the  very idea  of  old-fashioned,  imperial power  politics  has  become  obsolete?  Should  we see the United States  and  China  as more like France and  Germany  after  World War II, adversaries wise enough to draw together in an increasingly close circle of  cooperation that  subsumes  neighbors  and  substitutes economic exchange for geopolitical  confrontation?
 
This is the central  global question  of our as-yet-unnamed historical  moment. What  will happen  now that America's  post-Cold War engagements  in Iraq  and  Afghanistan  have run  their  course and U.S. attention has pivoted to Asia? Can the United States continue to engage China while somehow hedging against the strategic threat  it poses? Can China go on seeing the United States  both as an object of emulation and also as a barrier to its rightful place on the world stage?
 
The answer is a paradox:  the paradox  of cool war.
 
The term cool war aims to capture  two different, mutually contradictory historical  developments  that are taking place simultaneously.  A classic struggle  for  power is unfolding  at  the same time as economic cooperation is becoming deeper and more fundamental.
 
The current situation differs from global power struggles of the past. The world's  major  power and its leading challenger  are economically interdependent to an unprecedented  degree. China needs the United States to continue buying its products. The United States needs China  to continue  lending  it money. Their  economic  fates are, for the foreseeable future,  tied together. Recognizing the overlapping  combination of geostrategic  conflict and economic  interdependence is the key to making sense of what is coming and what options  we have to affect it.
In the first decade  of the twenty-first century, the major international question was the relation between  Islam and democracy. In this second decade of the still-young century, the great issues of conflict and cooperation have shifted. Now U.S. leadership  and Western democracy  are juxtaposed  with China's  global aspirations and its protean, emergent governing system.
 
The stakes of this debate could not possibly be higher. One side argues that the United States must either accept decline or prepare for war. Only  by military  strength  can the United States convince China  that it is not worth  challenging its status  as the sole super-power. Projecting weakness would lead to instability  and make war all the more likely. The  other  side  counters  that  trying  to  contain  China  is the worst  thing  the United States  can do. Excessive defense spending will make the United States less competitive economically. Worse, it will encourage  China  to become aggressive itself, leading  to an arms race that neither side wants and that would itself increase the chances of violence. Much better to engage China politically and economically  and encourage  it to share the burdens of superpower status.
 Read an Excerpt of Noah Feldman’s ‘Cool War’
Tags : the southwood group, thesouthwood group hong kong article review, Read an Excerpt of Noah Feldman’s ‘Cool War’
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#Posted on Friday, 28 June 2013 at 8:48 AM

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