But Bush isn't alone -- he's one of a growing "paddling of ducks" (a la an exhaltation of larks) in Western-style democracies. Simon Serfaty of the CSIS observes that European elections are producing governing coalitions with little authority or lattitude to govern.
There could not have been any worse possible outcome to last week’s election in Italy than the political tie that leaves Romano Prodi with a plausible claim of victory, but a clear inability to govern. Such conditions had already been seen in Germany last September. They may well be seen next in France next spring — and in Spain the year after that. Everywhere, weak governments are getting weaker, making out their passivity to be a virtue and their flexibility to be a strength.
Serfaty sees this trend as troublesome for transatlantic relations, as America's approach to Europe has been shifting away from the first Bush Administration's prediliction for divide-and-conquer, with its ad hoc coalitions of the willing, and towards renewing partnerships with Euro-wide institutions.
[F]or the past 15 months, Bush has cultivated Europe not one state at a time, but all of them together in the context of the European Union to which the U.S. president has reasserted his country’s commitment. As a result, the central significance of bilateral relations — and, in this context, the personal dimensions of these relations — has been eroded. The issue is no longer what Italy — or Britain or Poland—can do for the U.S., but what the U.S. can do with Europe in the context of the two sets of organizations, N.A.T.O. and the E.U., that define the trans-Atlantic partnership.
There, in the E.U., the switch from one man, Berlusconi, to another, Prodi, might make a difference, not because Prodi proved to be an effective president for the European Commission, but because Berlusconi proved to be such a disliked head of government for Italy. In other words, Italy will regain an influence within the E.U. that had faded over the past few years. The problem, however, is that the more the E.U. becomes populated by weak members — not just à l’italienne but also à la française or German-like and more — the less likely it is to emerge out of the deep institutional crisis into which it has fallen of late.
I note Serfaty's comment not as further evidence for profound Europessimism, which I don't particularly embrace. Rather, it's a warning that we may be headed for a "crisis of governance" period -- akin to the moody decade of widely shared malaise, in the 1970s and early 80s, when politicians, pundits and political scientists fretted about the "ungovernability" of democracies and the collapse of the welfare state. The Thatcher/Reagan neo-liberal response seems to have run out of energy -- at least in its political incarnation in parties on the Right -- and the Clinton/Blair Third Way, though retaining some centrist abstract appeal, is certainly suffering from the disappearance or weakening of its prime proponents on the world stage. A growing sense of anxiety coupled with desire for change -- rather than the embrace of an alternative governing philosophy -- may be the common thread in election results across Europe (Eastern and Western) and even Latin America.
A compelling and coherent new vision from either Right or Left has yet to emerge. Instead, we have a hodge-podge of competing prescriptions for anxiety-reduction, which vary country-by-country according to which bundle of anxieties (economic, cultural, security) afflicts a given politician's electoral base. There's a growing sense that, whether in riot-riven France or in the US with its cratering approvals for Congress and the President, political elites are out of touch or, worse yet, irrelevant. If global macroeconomic trends lead to a new round of stagflation* -- especially if accompanied by the tensions produced by recycling petrodollars and a politically destabilizing slow-down of China's economic growth -- the recipe will be complete for another decade of gloomy pondering of the future for liberal democracy and the international system.
It is this prospect of a globally-shared sense of impotence in the face of a world seriously off-track that I find more worrisome than the oft-repeated warning that Americans will become "isolationists" in a fit of pique that the Iraq war is a disaster. Certainly, an America that withdraws from the world as it is consumed internally with bouts of xenophobia and culture wars would be a threat to both the US and the rest of the world. But like most analyses by Americans of the international system, it's too US-centric. It assumes that the rest of the world isn't susceptible to similar pressures and anxieties and that the management of the global system will be principally a matter of US choices.
We would be entering choppy waters if we were merely facing the prospect of a global hegemon having to come to terms with the limited utility of aggressively applying its power to pursue narrowly defined interests. Although "isolationism" might be one response, Jacksonian pugnaciousness might also produce a further outburst of "forward-leaning" aggressiveness. To navigate away from either extreme, it would be difficult but sufficient to execute the sort of unilateral shift in US grand strategy and national "personality" being advocated by John Ikenberry -- a rediscovery of the virtues of self-restraint and rule-set compliance and the importance of reassurance to other members of a unipolar international system.
My fear, however, is that the international system is going to present far more challenging conditions for the US and other Western-style democracies to navigate if they are also suffering from a "crisis of governance" period in domestic politics. As Serfaty concludes with regard to Western Europe:
Which gets us back to the disturbing tendency to go into democratic overtime as each election ends with an unwanted tie. That makes it difficult for each new or fading government to make the decisions needed to assuage its respective constituencies, for the E.U. to make the decisions needed to satisfy its members, and for the U.S. to be confident in its allies’ ability to not only be willing, but also capable and relevant.
The same can be said for European lack of confidence in the US -- certainly during Bush's forthcoming years of lameduckness -- but potentially longer if we're looking at a governance crisis that is not unique to this President and is shared among Western-style democracies.
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* Stagflation is one of several plausible scenarios for the long-predicted and oft-postponed but inevitable adjustment of global economic imbalances. The Cunning Realist has been warning of the risks of hyperinflation as we approach the day of reckoning for US fiscal and monetary policies. Though I view creeping stagflation, in the absence of a hard landing, as a more likely scenario if inflation rears its ugly head again, TCR's regular analyses of inflationary pressures and financial market dynamics are well worth a read. Certainly, the extreme narrowing of spreads and the ongoing search for yield regardless of risk are symptoms of a coming bout of creative destruction in the financial markets.
Just as the cover of Business Week has become a leading indicator of a company or sector about to reach its market highs, I expect that when we start hearing about the IMF no longer being needed to deal with the international exchange regime or global financial crises, we're about to painfully rediscover the relevance of the IMF as part of a reformed international financial architecture. The world will need a better response from the lameduck presidency than a cosmetic replacement for John Snow.
Cross-posted at American Footprints
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