Today we are again witnessing the emergence of transnational elites ... [Whose] ties cut across national boundaries ...It is likely that before long the social elites of most of the more advanced countries will be highly internationalist or globalist in spirit and outlook ... The nation-state is gradually yielding its sovereignty... Further progress will require greater American sacrifices. More intensive efforts to shape a new world monetary structure will have to be undertaken, with some consequent risk to the present relatively favorable American position.

The Israelis have taken a lot of security measures which reduce significantly the ability of Iran to inflict truly severe pain in Israel. But America is vulnerable with 100,000 troops in Iraq and more than half of that in Afghanistan, and we depend heavily on access to Middle Eastern oil. We're sitting targets for debilitating Iranian retaliation.

One has to be willing to face the fact that what has transpired in Iraq is not exactly a very successful exercise.

That [American exceptionalism] is a reaction to the inability of people to understand global complexity or important issues like American energy dependency. Therefore, they search for simplistic sources of comfort and clarity. And the people that they are now selecting to be, so to speak, the spokespersons of their anxieties are, in most cases, stunningly ignorant.

We have a large public that is very ignorant about public affairs and very susceptible to simplistic slogans by candidates who appear out of nowhere, have no track record, but mouth appealing slogans

It follows that America's primary interest is to help ensure that no single power comes to control this geopolitical space and that the global community has unhindered financial and economic access to it.

Let's address the issue of how America deals with the Iraqis and how we deal with the region, recognize the fact that this is a misadventure, which it is in our interest to terminate and not to repeat. That's a rather important conclusion to draw, and a very important lesson.