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In ten years we will celebrate the bicentennial of the Monroe Doctrine.
When Monroe signed the Doctrine on this day in 1823, the imperial world was a lot like today’s imperium. The major European powers were dividing up the world using trading companies backed up by their military. Monroe did not distinguish between those companies and the countries they represented.
In the 21st century the role of the military in projecting imperialism is greatly reduced. On a global scale, the PAX AMERICANA provides protection not especially for American firms but for global firms, including the new dragons from China.
We can not stop our neighbors from buying ans selling with China, but we should be working a lot harder to keep the memory of the Monroe Doctrine alive in some fashion besides buying all of our illegal drugs from South America.