Volume 38, Number 19 · November 21, 1991
The New Domestic Order?
By Felix G. Rohatyn
Two years ago, the sun began to shine on the Western democracies. The collapse of the communist system, first in Eastern Europe, then in the Soviet Union, brought about a general euphoria that reached deceptive proportions. Now the situation has become dark and chaotic. In the Persian Gulf, Iraq's invasion of Kuwait led to a confrontation which resulted in a crushing military defeat for Saddam Hussein without, however, removing his regime from power. Although the risks of military confrontation have been sharply reduced, the volatility of the region still presents major risks. Until a regional settlement is reached that is both political and economic, the potential for an explosion remains very real.
Feature, 4815 words
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