By Thomas Palley
In her book The March of Folly: From Troy to Vietnam, the historian Barbara Tuchman explores the perplexing question of why countries sometimes pursue policies that are fundamentally contrary to their own interests. That question has acquired renewed relevance as Europe has now enlisted in a deepening march of folly over Ukraine.
Failure to reject the march of folly will have grave consequences for Europe, but doing so is a huge political challenge. It requires explaining how Europe has been harmed by its Ukraine policy; how Europe stands to be further harmed by doubling-down on that policy; how the march of folly has been sold politically; and why the political establishment persists therewith.
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