335 | America's Pacific Power Paradox and the Roots of Asia's Instability with Van Jackson
The Realignment
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The Asian Financial Crisis
After the Asian financial crisis, Japan and South Korea decided they wouldn't be dependent on Uncle Sam to bail them out again. They started building up a financial and economic architecture that excluded the U.S., says Peter Bergen. The US was unawares that smaller states in the region were collectively building an alternative to us, writes Bergen. China is trying to leverage its economic hegemony for lack of a better phrase: "For greater power means seeking greater status"
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