Common Dreams - Is the World Too Big To Fail?
This long-form article written by Chomsky in 2011 sketches the historical backdrop to the "Arab Spring". The first part is to recount the strategic planning that the US military and economic advisers conducted in the wake of WWII: to control the world's energy source, the Middle East. The US-led NATO now secures (by force) shipping lanes, oil pipelines, and in other ways secures the "access to markets" because of they are "crucial infrastructure" to the energy economy. The Arab Spring poses a difficulty for US hegemony because of the highly negative public sentiment toward the US (and Israel), most notably in Egypt, which is shows over 90% of the public regards the US (and Israel) as the major threat to the country. Why do so many populations in the Middle East dislike and distrust the US? US government studies concluded, both in the 1950s and also after 9/11, that these attitudes are due to the (accurate) perception that the US supports dictators and stifles democratic movements when they threaten political-economic dominance.
The look back in history takes the two cases of Egypt and the US and looks at them in the early 1800s. During that time, cotton production and textiles were the most important domestic products, which the US developed under slavery and high tariffs, essentially protecting itself from more efficient producers like England. Egypt, on the other hand, couldn't accomplish this due to being conquered by England and therefore stuck to producing the lower-value cotton for export and importing English (value-added) textiles. The progenitor for the doctrine of not using protective tariffs but instead allowing free (international) competition was Adam Smith, and to this day similar strategies are used today to encourage the development of third-world countries. Interestingly, Chomsky points out that even Smith noticed that higher profits could be made using cheaper overseas labor, which would debilitate the domestic labor availability, but that domestic producers would be swayed to keep jobs local by a kind of patriotism, an "invisible hand" to keep production in their home countries.
The discussion then turns to Iran and the threat it might be to the US. Its military is not significant and mainly defensive. Given the fact that the US invaded two of its neighbors, it does seem reasonable to develop a nuclear deterrent. But the political, not military, power that Iran projects to its neighbors is "destabilizing", while invasions, coups, etc., at least when conducted by US or US-proxies, is "stabilizing". Another "threat" is China, which isn't a threat to the US homeland but instead a threat to develop its own sphere of influence, which is of course a threat to US hegemony. One solution to Iran developing nuclear weapons is to make the Middle East a non-nuclear weapon zone, but of course the US has openly stated that this could happen only if Israel is exempt. In other words, no nuclear weapons for non-allies.
A brief run-down of economic and political changes in the US since the 1970 ensues, with a vicious cycle of exporting production and deregulating financial markets causing elections to become enormously influenced by the business class as their wealth grew (Adam Smith's hopes against owners not exporting their stock notwithstanding). To distract from the real roots of these crises there must be fictitious targets, and Chomsky argues that these are the public sector employees (teachers) and, familiarly, immigrants. The hypocrisy regarding immigrant refugees from third world countries who have been ravaged by the US (or other European countries), either by force or by breaking down tariffs, is especially glaring. Due to NAFTA, Mexican agro-businesses couldn't compete with the (subsidized) US ones, thus unemployed Mexicans flooded the US to work for the winning team; only to be demonized. Chomsky discusses the popular response to immigrants in Europe: ultra-right racist parties gaining popularity. The ending to the piece discusses the likely destruction of the planet through global warming, propelled by business which knows full-well the outcome but must continue to maximize short-term profits.