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March 22, 2011

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Nato

ROI is a moral issue as well as an economic one. If there's a relatively low-risk investment (military intervention in Lybia is unlikely to be especially bloody or destabilizing in any direct sense) with a high return (more liberty in the Arab world; improved relations between the Arab street and the West*), then the investment is a no-brainer. That probably understates the risks and overstates the surety of positive returns, but I think it's a generally correct answer as things turned out. Meanwhile Sierra Leone and other regional conflicts are high-risk with minimal prospects of return.

*This could be regarded as a vital interest, with a bit of stretching.

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