The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
According to conventional wisdom, the deterioration of U.S.-Israeli relations is the result of personal animosity between Israeli Prime Minister Benjamin Netanyahu and U.S. President Barack Obama. But ill-will is more of a symptom than a cause. In fact, the increased friction reflects a new Israeli grand strategy. Rather than seeking to minimize differences with the United States over Iran and Palestine, as previous Israeli governments had done, Netanyahu has worked to diversify Israel’s international partnerships, cultivating new friends—from India to China to Saudi Arabia—so that Israel is less dependent on the United States.
When in danger, small countries with powerful allies usually draw closer to their friends. Seeking U.S. help to fend off Soviet territorial claims, Turkey sent troops to Korea in 1950 to support the anti-communist cause. Decades later, fearing a Russian invasion after the Rose Revolution in 2003, Georgia named one of the