The meaning of Obama’s Nobel Peace Prize
Obamas Nobel Peace Prize has a significant meaning. It comes at a
moment where we face an urgent decision in Iran,
a bad and difficult situation in Iraq and confronting the option of having
to send more troops to Afghanistan.
As if all these weren’t enough we also have deal with a challenging situation coming from South
and Central America. All of these come at the same time we are going thru a very tough economic recession that weakens our position in the world (even
if most other countries are in a recession too). Making the appropiate decision in each of the cases that need a solution at this point is frankly very difficult.
A military intervention in Iran will raise considerably oil
prices and hence increase world inflation due to smaller oil world supply. It
also will create havoc in the Middle East,
affect greatly the Chinese economy, benefit the Russian economy and shred some
third world economies to pieces making world recession even worse than it is
now; all of these events will take place almost simultaneously as inevitable consequences if we were to attack Iran's nuclear facilities. .
The situation in Afghanistan
appears to be even more difficult, we do not want another Vietnam but at the same time we can’t afford
loosing the war since the future of Pakistan is also at stake. Pakistan has
nuclear weapons and it has been our friend for decades it is unthinkable that
the country could fall in the wrong hands. However committing more troops aside
from the human cost will get us in an ineffable position by engaging ourselves
in a never ending war with and endless economic cost.
On the other hand the dollar has gone down in value recently which is terrible
news. Robert Fisk a famous war veteran journalist wrote an important article a couple of days ago indicating that some of the largest world oil producing countries were planing to shift from the dollar to gold as the most important means of doing an oil transaction. That article had a negative economic effect in the
last few days by weakening the dollar in world financial markets.
We ought to remember that the stimulus plan implemented in order to save
the economy from a possible depression caused a huge fiscal deficit, a powerful
reason for the dollar’s plight.
The dollar as a world reserve coin is threatened by gold and other world
coins such as the Euro. Due to the dollars weakness another world coin or coins could take over the dollars role in the
world economy and that could be financially devastating for us. Therefore a decision
has to very carefully evaluate since our further involvement could carry a great financial cost and weaken the
dollar and the economy even more.
At present the Republicans are united in favor of increasing troops to Afghanistan
and the democrats are divided having important leaders of their party such as
Nancy Pelosi and Joe Biden against sending more troops. Besides important
academic personalities such as Zbigniew Brzezinski
an ex- adviser in foreign policy to president Carter and a present close friend
and adviser to Obama is also against
increasing the amount of troops in that country.
The Nobel Peace Prize to president Obama is a clear message from the Europeans that
they are against further wars or militarist interventions in the world. Such
message can only be interpreted as backing up Obama in its world peace efforts
including not attacking Iran, except thru economic sanctions, and very possibly against raising troops levels in Afghanistan
The Europeans are also telling us that they are in favor of a new world
multilateralism meaning that Europe the BRIC ( Brazil Russia India and China) and also Japan,
all should share in the worlds decisions making process together with the USA.
We are losing world power at the moment and a clear message from the Europeans
is that world power (including decisions that affect the world economy) needs
to be restructured and shared by several nations.
By backing up Obama the Europeans are giving him greater power against the
hawks in Washington and telling us that at
present for what they consider important reasons Europe
is in favor of world peace.