By Bal(t)imoron, 3 months and 22 days ago

28% Is Not Worth It

2584285019 5787c80c22Whether militarily or to foster political reform, Matthew Yglesias makes some good arguments why the US doesn't need to be involved in the Middle East.

The basic proposition here is that if our military weren't so intimately involved in the Middle East, that this would run the risk of economic harm via instability in oil supplies. And fair enough, but our current policies have economic costs of their own in terms of both monetary expenditures (about $1 trillion on Iraq thus far, more than that in terms of bases and fixed infrastructure over the past couple of decades) in terms of terrorist attacks, in terms of pricey efforts to secure ourselves against terrorist attack (been on an airplane lately?), as well as in various other familiar airy senses.

That's the short-run trade-off. In the longer term, we could massively mitigate the harms Pollack is worried about here by investing in making our country less oil dependent so that fluctuations in the price of oil wouldn't be such a big deal. A move of that sort would, of course, be a costly and difficult undertaking. But the alternative «a broad program of economic and political reform» that «will take decades, if not longer» to complete certainly doesn't sound any easier. And certainly there's no effort here to make an explicit cost-benefit calculation and explain why our past ten years' worth of forward-leaning policy in the Gulf have brought us more in economic benefits than they've cost, or that completely remaking the political and society of the Arab world would be easier or cheaper than building a lot of windmills and trains.

And, here's a better reason: most American oil comes from the Americas, not the Middle East.

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