Niall Ferguson’s recently published Colossus: The Price of America’s Empire (Penguin, 2004) offers an important contribution to understanding the United States’ role as a global power and the consequent tensions. Building on earlier studies of international finance and the First World War, Ferguson locates the war on terrorism and American campaigns in Afghanistan and Iraq within a broad historical framework. Indeed, as both polemic and analysis, Colossus expands upon themes he raised last year in a study of the British Empire and its lessons for global power. Britain led efforts to police the global commons in the nineteenth century, stamping out slavery and piracy while joining its European rivals and the United States to impose governmental control over private companies and autonomous tribes whose activities often generated violence. The decline of the Pax
Niall Ferguson’s recently published Colossus: The Price of America’s Empire (Penguin, 2004) offers an important contribution to understanding the United States’ role as a global power and the consequent tensions. Building on earlier studies of international finance and the First World War, Ferguson locates the war on terrorism and American campaigns in Afghanistan and Iraq within a broad historical framework. Indeed, as both polemic and analysis, Colossus expands upon themes he raised last year in a study of the British Empire and its lessons for global power. Britain led efforts to police the global commons in the nineteenth century, stamping out slavery and piracy while joining its European rivals and the United States to impose governmental control over private companies and autonomous tribes whose activities often generated violence. The decline of the Pax