Courtesy of Mish.
Yesterday, a reader told me about a must-read article in the German financial newspaper Handelsblatt.
Having no details other than it was a”must read” I failed to locate the article after attempting translations of the Handelsblatt home page.
Zero Hedge did find the article, entitled “West on the Wrong Path“.
It turns out, there is a version of the editorial in German, English, and Russian.
Citing parallels to WWI, author Gabor Steingart, publisher of Handelsblatt, Germany’s leading financial newspaper, blasts the Western response (especially US and German) response to the situation in Ukraine.
“Small Price to Pay” vs. “West on the Wrong Path”
Interestingly, Steingart’s article is nearly identical in tone and message to my article “Small Price to Pay“.
Steingart kicks of with “Every war is accompanied by a kind of mental mobilization: war fever. Even smart people are not immune to controlled bouts of this fever.”
Steingart is precisely correct. The War in Vietnam, and the War in Iraq are cases in point. Both were based on lies, distortions, gross underplay of risks, and gross overplay of concerns.
Consider the ridiculous Vietnam “Domino Theory” and the trump-up of WOMD concern of Bush when it turns out Hussein did not have any.
History Repeating?
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