By Fareed Zakaria
“The Islamic State in Iraq and Syria is scaring the hell out of everyone. It has infested Syria, overrun Iraq, alarmed Iran, and convinced U.S. politicians it’s the most dangerous terrorist organization ever. But frightening everyone isn’t a long-term growth strategy. ISIS is destroying itself,” writes William Saletan in Slate.
“Al Qaeda, the organization from which ISIS recently split, understands this truth. For years, Osama Bin Laden and his lieutenants tried to explain to their affiliates the folly of unchecked brutality. In letters and directives captured in the 2011 raid on his compound, Bin Laden stressed the importance of patience, discretion, and public opinion. His advice, boiled down to seven rules, forms a clear outline of ISIS’s mistakes.”
“Exploitation of the powers inherent in its reserve currency is bound to irk foreign governments and financiers. If the dollar is not a neutral medium of exchange but a U.S. weapon, the desire to break its dominance will spread across the global financial system,” writes Leonid Bershidsky for Bloomberg View. “China, which has been pushing the yuan as a reserve currency, and Russia, where banks owned by President Vladimir Putin's close friends have been cut off from dollar clearing after the Crimea annexation, are in the front ranks of the anti-dollar movement. Now, France has more cause to join it, too.”