What disturbs me about Crimea is the larger trend it fits into, that Putinism used to just be a threat to Russia but is now becoming a threat to global stability. I opposed expanding NATO toward Russia after the Cold War, when Russia was at its most democratic and least threatening. It remains one of the dumbest things we’ve ever done and, of course, laid the groundwork for Putin’s rise.
For a long time, Putin has exploited the humiliation and anti-Western attitudes NATO expansion triggered to gain popularity, but this seems to have become so fundamental to his domestic politics that it has locked him into a zero-sum relationship with the West that makes it hard to see how we collaborate with him in more serious trouble spots, like Syria or Iran. President Bashar al-Assad of Syria is engaged in monstrous, genocidal behavior that also threatens the stability of the Middle East. But Putin stands by him. At least half the people of Ukraine long to be part of Europe, but he treated that understandable desire as a NATO plot and quickly resorted to force.
I don’t want to go to war with Putin, but it is time we expose his real weakness and our real strength. That, though, requires a long-term strategy — not just fulminating on “Meet the Press.” It requires going after the twin pillars of his regime: oil and gas. Just as the oil glut of the 1980s, partly engineered by the Saudis, brought down global oil prices to a level that helped collapse Soviet Communism, we could do the same today to Putinism by putting the right long-term policies in place. That is by investing in the facilities to liquefy and export our natural gas bounty (provided it is extracted at the highest environmental standards) and making Europe, which gets 30 percent of its gas from Russia, more dependent on us instead. I’d also raise our gasoline tax, put in place a carbon tax and a national renewable energy portfolio standard — all of which would also help lower the global oil price (and make us stronger, with cleaner air, less oil dependence and more innovation).