Regret what? That secret operation was an excellent idea. It had the effect of drawing the Russians into the Afghan trap and you want me to regret it? The day that the Soviets officially crossed the border, I wrote to President Carter. We now have the opportunity of giving to the USSR its Vietnam war. Indeed, for almost 10 years, Moscow had to carry on a war unsupportable by the government, a conflict that brought about the demoralization and finally the breakup of the Soviet empire.
The culture of self-gratification and deregulation that began during the Clinton years and continued under President George W. Bush led to the bursting of one stock market bubble at the turn of the century and a full-scale financial crash less than a decade later.
Interpretation
What this quote means
The quote reflects on how policies promoting self-gratification and deregulation led to significant economic issues.
Zbigniew Brzezinski points out that the cultural shift towards self-gratification and the deregulation of economic practices which started during the Clinton administration continued under George W. Bush, ultimately causing major financial instability and crises, including stock market bubbles and a full-blown financial crash. This highlights the dangers of prioritizing short-term personal or corporate satisfaction over sustainable financial regulation and responsibility.
Themes
In practice
Example use cases
This quote could be used in a discussion about the importance of regulation in preventing financial crises.
More from Zbigniew Brzezinski
All quotes →During the twentieth century, men fought on behalf of nationalism. Yet the wars they fought were also engendered by dislocations in world markets and by social revolution stimulated by the coming of the industrial age.
Constant reference to a 'war on terror' did accomplish one major objective: It stimulated the emergence of a culture of fear.
Iraq may have been a preview of that, but it's still redeemable if we get out fast. In a war with Iran, we'll get dragged down for 20 or 30 years. The world will condemn us. We will lose our position in the world.
The congressional role in declaring war is especially important not when the United States is the victim of an attack, but when the United States is planning to wage war abroad.
There may be circumstances in which damaging our relationship with countries over human rights is counterproductive and the benefits to human rights may be very small because of our limited capacity to enforce our stance. That was the dilemma the United States faced after Tiananmen Square.
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There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.
Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
THE CORRECTION, when it finally came, was not an overnight bursting of a bubble but a much more gentle letdown, a year-long leakage of value from key financial markets, a contraction too gradual to generate headlines and too predictable to seriously hurt anybody but fools and the working poor.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
Poor people of all colors are getting poorer and our communities are getting more toxic. There is a misconception that to grow our economy we will have to do business as usual, because cleaning up the environment, mitigating climate change is just too costly. Well, I say the business of poverty is just too expensive a bill for humanity to pay any longer.