Banks, Not Tanks: Using Money as a Geopolitical Tool (Nikolas K. Gvosdev, The National Interest)

In my last article, I noted that the tendency to define U.S. power as the ability to deploy military force was running up against clear limits, because “without the ability to instantaneously transport equipment and personnel from one area to another, the United States must either massively increase its defense and security expenditures to increase its presence in all theaters, trust that allies will finally meet the challenge and increase their own spending to fill in the gaps, or accept risks in certain areas.” Thus, my conclusion was the need for the United States to think in global terms and to prioritize the allocation of its military resources.

http://nationalinterest.org/feature/banks-not-tanks-using-money-geopolitical-tool-16157