NEW YORK (TheStreet) -- U.S. foreign policy is failing.
Russia is pushing into the Ukraine and threatening Eastern Europe; China is bullying Japan, the Philippines and Vietnam in the East and South China seas; and terrorist groups in the Middle East and Africa are displaced in one place, only to multiply and create more lethal threats in others.
Since the end of the Cold War, both Democratic and Republican administrations have in varying measure premised policy on the notion that economic incentives and other soft power can cultivate peaceable democracies throughout the world and friendly societies adhering to Western liberal values.
The U.S. and Western Europe have offered China, Russia and developing countries access to markets, investment, foreign aid and technical cooperation, but in many places, those have yielded few results other than to finance threats to our common security.
China remains an authoritarian regime led by an oligarchy -- the Communist Party -- with a poor human rights record. Its superior economic performance, greatly assisted by trade with the U.S., and the material gains enjoyed by its citizens virtually ensure the party's continued grip on power. Beijing, however, sees American influence in the western Pacific as a threat and is actively challenging U.S. naval superiority.
Russia President Vladimir Putin and his loose coalition of oligarchs appear to be more interested in restoring a lost empire and amassing wealth at the top than genuinely improving the lot of ordinary citizens. They are happy to sell natural gas to Europe to finance those ambitions, but don't count on international commerce to make Russia a benign actor.
If the U.S. doesn't match China's navy and Russia's army with resources and forceful actions when challenged, those rivals will prevail in their regional ambitions.
Still President Obama is correct to warn flexing military muscle is not a stabilizing solution everywhere, especially the Middle East and Africa.