The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
It was 20 years ago this month that Europe saw the worst crime on its soil since World War II. From July 11–13, 1995, the Bosnian Serb Army methodically executed approximately 8,000 Bosnian Muslims after conquering the UN-designated “safe area” of Srebrenica. The genocide in Bosnia was particularly shocking because it occurred less than one year after the 1994 genocide in Rwanda, during which members of the Hutu majority killed approximately 800,000 people in a gruesome ethnic cleansing campaign against the Tutsi minority. Their civil wars and genocidal violence left both countries severely damaged and traumatized. The United States and its allies dispatched their best diplomats, military commanders, and development experts to Bosnia to devise and implement the Dayton Accords, whereas Rwanda was largely left alone to determine its political future. Twenty years later, Rwanda is frequently cited as a success story and Bosnia is widely viewed as teetering on the brink of renewed violence.