Foreign Affairs Article

PrintPrint EmailEmail ShareShare CiteCite


The Great Crash, 2008

A Geopolitical Setback for the West

Author: Roger C. Altman, Chairman, Evercore Partners, Inc.
January/February 2009
Foreign Affairs


The economic collapse of 2008, the worst in over 75 years, is a major geopolitical setback for the West. It has stripped Washington and European governments of the resources and credibility they need to maintain their roles in global affairs. These weaknesses will eventually be repaired, but in the meantime they will accelerate trends that are shifting the world's center of gravity away from the United States.

Listen to a podcast of this article.

Subscribe to Foreign Affairs—the world's leading authority on foreign policy.

Read full article at

More on This Topic


Taking Friendly Fire to New Heights

Authors: Charles D. Ferguson and Bruce W. MacDonald
Los Angeles Times

Charles D. Ferguson and Bruce W. MacDonald argue that by demonstrating its anti-satellite capability, the U.S. “was stepping briefly across a...


China, Space Weapons, and U.S. Security (Audio)

Speaker: Bruce W. MacDonald
Introductory Speaker: Charles D. Ferguson
Presider: Thomas Behling

Listen to Bruce Walter MacDonald, senior director, Congressional Commission on the Strategic Posture of the United States, discuss China's...


China's Growing Space Power

Author: Frank G. Klotz
National Interest

Frank Klotz writes that China's growing space power has profound implications for America's own interests in space and the much-touted...