f NATO were a listed stock, would now be a good time to short it? According to the New York Times, U.S. President Donald Trump has told his aides repeatedly that he would like to withdraw the United States from the alliance. The U.S. foreign-policy establishment promptly got the vapors at this news, with former Undersecretary of Defense Michèle Flournoy declaring that such a step “would destroy 70-plus years of painstaking work across multiple administrations, Republican and Democratic, to create perhaps the most powerful and advantageous alliance in history.” Even though NATO’s original rationale evaporated when the Soviet Union imploded, it continues to be the most sacred of cows inside America’s policy elite.
Walt, Stephen. "Europe’s Future Is as China’s Enemy." Foreign Policy, January 22, 2019.