The dollar went up (which meant, unfortunately for us, a weaker peso) while oil prices that have been skyrocketing in recent weeks slumped. Will local pump prices follow?
Those were reassuring news as Filipinos braced for what President Arroyo described as "collateral terrorist attacks." On Monday night, as text messages warned of the outbreak of war, some motorists rushed to gas stations to fill up in anticipation of higher fuel prices. But yesterday the excitement seemed to have died down. I dropped by a major supermarket and saw no sign of panic buying. I guess we dont scare easily. (Or else we dont have money for panic buying.)
Even when bombs are going off in Metro Manila, Filipinos get on with business as usual. Malls are full, traffic is bad, and during weekends everyone rushes to the same resorts and recreation centers. As we wait for the war of the 21st century to reach us live by cable TV, I bet thousands of Filipinos are flocking to the Iraqi borders to get a ringside seat in the "great confrontation."
As of late yesterday afternoon, only Japan had added a vote of support, with its prime minister saying Bushs decision was unavoidable. Is South Korea not far behind?
Bush has completely upset the international order. Decisions with global repercussions are supposed to be made collectively by a body called the United Nations. At no other time has the UN and the Security Council looked more irrelevant. Shown to be helpless when the worlds lone superpower makes up its mind, the UN at least has decided to get out of the way of coalition troops. UN arms inspectors, who could have served as human shields for Saddam, started leaving Iraq yesterday.
Even before Bush gave Saddam and his two sons 48 hours to go into exile or face war, the alliances formed after World War II were already badly frayed by the crisis in Iraq. The future of the North Atlantic Treaty Organization is just as uncertain as the UNs.
As for ties between the US and France, the two countries still arent expelling each others diplomats, but both are going to consider March 17, 2003 a day of infamy in their bilateral relations.
The worlds most powerful army, backed by the Brits, Spaniards and Aussies, is ready to move into Iraq. Even if the Chinese, French, Germans and Russians wanted to stop the US-led coalition, its too late to assemble any credible opposition to this looming attack. And even if the world is ambivalent about the justness of a war to take out Saddam, who will send troops to defend him? Even his Arab neighbors want him out.
If the markets performance were a gauge, the world has decided to simply sit back and nag the Americans to get this over with ASAP.
Even as we sit back and watch, however, the globalization of terrorism is forcing a redefinition of national sovereignty, self-defense, credible threat, clear and present danger. There are fears that Bushs preemptive strike doctrine will be used and abused not just by the US but also by other countries.
Fears of American hegemony could also trigger a new arms race. Despite all the jokes about the wimps in the French army (what French army?), remember that France remains a member of the nuclear club. And remember that only a few years back, Paris also thumbed its nose at the international community when it went ahead with its nuclear tests in the French Polynesian atolls of Mururoa and Fangataufa.
With Bush making up his mind, nations are now considering the consequences of deserting Washington in its moment of need. For all the hemming and hawing in the UN, there seems to be little doubt that the US-led coalition will succeed in toppling Saddam hopefully from within, if Bushs inducements to Iraqi soldiers work, but more likely from the coalitions bombardment.
After Iraq, which country is next in the line of fire? North Korea? Iran? This is the dilemma for the international community even as governments start lining up behind the move to oust Saddam. If the coalition of the willing succeeds, what will stop Washington from remaking the world according to Bush?