The presidential debates are lauded for having been substantive and revealing. In particular, people have noted how rare it is to have a serious discussion about foreign policy these days. Except that we did not have a serious discussion about foreign policy. We had one about Iraq. And thousands of miles away, there is a new world coming into being -- one that America is quite unprepared to handle.
There have been two great shifts in the international balance of power over the past 500 years. The first was the rise of Western Europe, which by the late 17th century had become the richest, most dynamic and expansionist part of the globe. The second was the rise of the United States of America, which between the Civil War and World War I became the single most important country in the world. Right now a trend of equal magnitude is taking place: the rise of Asia, led by China, which will fundamentally reshape the international landscape in the next few decades. For the United States, whether it is preserving jobs or security, recognizing and adapting to this new world order is key.