George Friedman has a thoughtful piece on US international relations this week, specifically the views of people in the US who are considered to be isolationists , via John Mauldin:
One side is committed to maintaining the institutions created to fight the Cold War. This includes NATO, various bilateral agreements, and economic structures such as the International Monetary Fund. The supporting argument is that these were successful in the Cold War, and they remain a useful platform for broad US engagement in the Eastern Hemisphere.
The counterargument is that the Cold War was a contest with a peer power, the Soviet Union. As such, it required the US to create a vast alliance web based on the United States’ guarantees. Today, no peer power threatens American interests. Therefore, the Cold War structures are irrelevant and too expensive. More important, they are no longer designed to deal with anything that is essential to the US.
World War II and the Cold War required maximum global effort from the US. That effort is no longer needed. What is needed is to clearly identify American interests and relationships, and forces tailored to those needs. Everything cannot be an American duty, since American resources are limited. Involvement in affairs not central to American interests strain the treasury, and cause wars that can neither be won nor abandoned.
I am not arguing which is the more persuasive view. There is, perhaps, even a third option. But to label as isolationist a view that argues for a shift in prior US policy is in error. The isolationists in the past may have been wrong, but they weren’t really isolationists.
The whole commentary is worth a read.