When freedom broke out across Eastern Europe last year, Soviet spokesman Gennadi Gerasimov enunciated "the Sinatra Doctrine." Each newly liberated Soviet satellite, he explained, was now free to say, "I did it my way."
The tune that Ol' Blue Eyes immortalized could have served equally well as the theme song for the annual economic summit of the world's richest democracies held in Houston last week. Just as the Soviet Union's power to ride herd on its neighbors has been crippled by its domestic turmoil, America's ability to corral its allies has been hampered by two factors: the burgeoning economic clout of...
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