hebig.org/blog
Personal webnode of Haiko Hebig

"March 13, 2003 - With U.S. and British troops poised to invade Iraq, the rest of the world is overwhelmingly opposed. Yet Saddam Hussein is generally seen as a tyrant who must be disarmed and the United Nations Security Council has unanimously demanded that he disclose and destroy his weapons of mass destruction. What has gone wrong? [...]

I see a parallel between the Bush administration's pursuit of American supremacy and a boom-bust process or bubble in the stock market. Bubbles do not grow out of thin air. They have a solid basis in reality but reality is distorted by misconception. In this case, the dominant position of the US is the reality, the pursuit of supremacy the misconception. Reality can reinforce the misconception but eventually the gap between reality and its false interpretation becomes unsustainable. During the self-reinforcing phase, the misconception may be tested and reinforced. This widens the gap leading to an eventual reversal. The later it comes, the more devastating the consequences."

Read on:
Bush's Inflated Sense of Supremacy
By George Soros