Nuclear Issues

The end of the year is a good time to consider the risks that lie ahead of us. There are of course important economic risks, including the mispricing of assets caused by a decade of ultra-low interest rates, the shifts in demand caused by the Chinese economy’s changing structure, and European economies’ persistent weakness. But the main longer-term risks are geopolitical, stemming from four sources: Russia, China, the Middle East, and cyberspace.

Although the Soviet Union no longer exists, Russia remains a formidable nuclear power, with the ability to project force anywhere in the world. Russia is also economically weak because of its dependence on oil revenue at a time when prices are down dramatically. President Vladimir Putin has already warned Russians that they face austerity, because the government will no longer be able to afford the transfer benefits that it provided in recent years.

"When historians look back on the Middle East decades from now, they might find that trends in this region after 2015 were determined by the outcome of four seminal issues and battles that are in play this month."

"China, a great power in the making, and Russia, a fading but nonetheless aspiring power, have repeatedly positioned themselves on 'the wrong side of history' in regard to the Iranian nuclear program, events in Syria, and more. Great power status confers not just prestige and influence, but also a need to share responsibility for international security and the 'global good.' With their uncaring pursuit of narrow national interests, neither is demonstrating a predilection to do so."

"...[S]ince sanctions and economic constraints will directly impact ordinary Iranians, they will intensify the current sense of distrust towards the West and especially the United States in all political trends and people, subsequently resulting in national mobilization and unity, thereby strengthening the hand of the Iranian government to resist the sanctions. This is the complete opposite of the result desired by the West."

"With the current partisan debate on Iraq raging in Congress, it is time to consider the reality there and consequent United States' options as they truly are, not as many wish."

In 1962, President John F. Kennedy famously predicted that "by 1970, there may be 10 nuclear powers instead of four and, by 1975, 15 or 20." Today, there are just 8. Why?

"...a new look at global atomic energy supplies is sorely needed."

Western policy makers should consider the response of ethnic minorities when assessing regime stability in Iran. Policy toward Iran should include strategies to deal with the political demands of Iranian ethnic groups — demands that are only likely to grow.