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The Arrogance of Power

Former Chairman of the Senate Foreign Relations Committee J. William Fulbright's observations and warnings appear deeply relevant to the United States under George W. Bush, particularly in the wake of the publication last week of the administration's sweeping National Security Strategy of the United States of America and its request that Congress authorize a war resolution arguably as broad and as unilateral as the Gulf of Tonkin Resolution approved in the early stages of the Vietnam War.
What we have done since September 11 is not to make the hard choice of choosing which of our liberties we are willing to forego, but rather to sacrifice their liberties—those of immigrants, and especially of Arab and Muslim immigrants—for the purported security of the rest of us.
Despite the IMF's reformist rhetoric about "bailing in" foreign investors and distributing adjustment costs more equitably, there is nothing novel about the new IMF standby credit. It is once again about bailing out banks and bondholders.
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