ISIL forces in Raqqa will be targeted by the US-led coalition, but not like the invasions of Iraq and Afghanistan. Photo: Raqqa Media Center / AP
ISIL forces in Raqqa will be targeted by the US-led coalition, but not like the invasions of Iraq and Afghanistan. Photo: Raqqa Media Center / AP

Shock and awe didn’t work, so what will overcome ISIL?



Hours before Barack Obama last week told America of his plan for a limited war against ISIL, former vice president Dick Cheney was rallying conservatives to turn back the clock. Having met with congressional Republicans to urge them to press Mr Obama for tougher action, Mr Cheney addressed a conservative think tank and blamed the rapidly multiplying crop of global crises on the current administration’s aversion to using military force.

Mr Cheney complained that Mr Obama was a reluctant global emperor, and this was the reason for America’s receding dominance. He hailed that US-led post-Second World War global order as “one of the supreme achievements of human history”, noting that it was enabled primarily by “American military superiority”. We know, of course, that the US spends more on its military every year than the combined budgets of the next 10 biggest military spenders, and that it maintains more than 600 military bases in more than 38 countries. Without that military superiority, warned Mr Cheney, “we would be just one more nation with good intentions and strong opinions”.

The strategy to combat ISIL announced hours later by Mr Obama was a far cry from the “shock and awe” of the Bush administration’s headlong charge into Iraq and Afghanistan. Mr Obama cited the largely remote US involvement in counter-terror operations by allies on the ground in Somalia and Yemen as the models for his anti-ISIL campaign, and repeatedly assured the American public that there would be no US ground forces deployed. The campaign would depend largely on the willingness and ability of Arab ground forces to clear the insurgents out of areas where their grip was shaken by US air power. That’s exactly the sort of reluctance to unleash the full brunt of American firepower that Mr Cheney said lay at the heart of the expanding global security crisis that Pope Francis on Friday warned was, in effect, a “piecemeal World War III”.

ISIL is one example of the morbid symptoms that have followed the collapse of Pax Americana in the Middle East: ISIL has emerged in the vacuum created by America’s retreat from Iraq, the gradual collapse of the Syrian state, the wider regional sectarian war and the aftershocks of the counter-revolution that followed the Arab Spring.

Beating back ISIL effectively relies on the cooperation of a range of regional forces that have, so far, shown little inclination to cooperate with one another – or with the US when their tactics diverge.

If Mr Obama’s declaration of limited war sounded a little unconvincing, it fits with a theme: the days when US megaphone diplomacy might prompt an adversary to think twice are over, if Russia’s actions in Ukraine are anything to go by.

From Moscow’s point of view, the US forced a weakened Russia to resentfully accept Nato’s expansion into its former precincts after the collapse of the Soviet Union in 1991. Today’s stronger Russia is now simply pushing back, knowing full well that the US has no appetite for military confrontation on Russia’s doorstep.

Even the weapon of sanctions seems to be exhausting its effect, with Moscow unmoved by economic penalties imposed by the West and, as if to make a point, moving to resume economic ties with Iran.

European Nato countries remain reluctant to seek confrontation with Russia, while China is increasingly assertive on its territorial claims in its immediate neighbourhood, willing to challenge and test how far the US is prepared to go in projecting its influence. Most of Latin America, where US writ once ran deep, now follows an independent foreign policy of a sort the US would not have tolerated three decades ago.

For Dick Cheney, all of this is the fault of Barack Obama. He sneeringly quoted the president’s remark: “No world order that elevates one nation or group of people over another will succeed”, only to knock it down as “one sample from a whole collection of such sayings that seem to regard American influence as a problem to be solved in the world, rather than a solution to be offered”.

It should come as no surprise, of course, that Mr Cheney is loath to recognise that his preferred alternative – massive displays of American firepower – failed to achieve the desired results in Afghanistan and Iraq. Not only did the US fail to impose its will in either country despite deploying a total of 2.5 million soldiers in both wars and spending upwards of $1 trillion, but that failure in itself weakened the power of America’s military deterrent. Nobody knows better than the US soldiers and officers who served in Iraq and Afghanistan how little America’s overwhelming advantage in firepower meant when it came to shaping political outcomes.

Mr Cheney’s administration used that firepower and failed. The US military could scatter the enemy in both countries, but could not remake the political landscape in either to favour America and its allies.

As a result of those misadventures, not only are adversaries elsewhere less fearful of US military power, but the military itself is broken – overstretched, understaffed and underfunded, as it continues to absorb the traumas of Afghanistan and Iraq. And the US economy is no longer able to support open-ended expeditionary warfare at the same level.

The former vice president and other hawkish critics say the administration’s failure to take military action against the Assad regime in Syria, as well as its restraint in getting involved in Libya and caution in responding to Russia in Ukraine, reflect Mr Obama’s lack of faith in American military power.

What is curious about that charge is that in each of those instances, Mr Obama was not only following his own instincts, but also those of the joint chiefs of staff. It appears that America’s military leadership doesn’t share Mr Cheney’s faith in the unleashing of American power as the answer to rising global security challenges. After all, they’ve seen it tried – and fail.

Tony Karon teaches in the graduate programme in international affairs at the New School in New York

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Need to know

When: October 17 until November 10

Cost: Entry is free but some events require prior registration

Where: Various locations including National Theatre (Abu Dhabi), Abu Dhabi Cultural Center, Zayed University Promenade, Beach Rotana (Abu Dhabi), Vox Cinemas at Yas Mall, Sharjah Youth Center

What: The Korea Festival will feature art exhibitions, a B-boy dance show, a mini K-pop concert, traditional dance and music performances, food tastings, a beauty seminar, and more.

For more information: www.koreafestivaluae.com

The specs: 2017 Ford F-150 Raptor

Price, base / as tested Dh220,000 / Dh320,000

Engine 3.5L V6

Transmission 10-speed automatic

Power 421hp @ 6,000rpm

Torque 678Nm @ 3,750rpm

Fuel economy, combined 14.1L / 100km

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Company%20Profile
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The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

Upcoming games

SUNDAY 

Brighton and Hove Albion v Southampton (5.30pm)
Leicester City v Everton (8pm)

 

MONDAY 
Burnley v Newcastle United (midnight)

COMPANY%20PROFILE
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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Company%20Profile
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MATCH INFO

Manchester City 1 Chelsea 0
De Bruyne (70')

Man of the Match: Kevin de Bruyne (Manchester City)

COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East) 

ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A

French Touch

Carla Bruni

(Verve)

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
Company%20Profile
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The specs: 2018 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

Engine: 3.0-litre twin-turbocharged V6

Transmission: Eight-speed automatic

Power: 355hp @ 5,500rpm

Torque: 500Nm @ 4,500rpm

Fuel economy, combined: 8.9L / 100km

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World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5