from http://www.dailyreckoning.com/home.cfm?loc=/body_headline.cfm&qs=id=3024
During the Clinton years, quite a few international affairs specialists wondered why American pre-eminence had not given rise to the kind of counterbalancing and ganging up against the leading power that classic international relations theory and diplomatic history would lead one to expect. Russia and China briefly eyed one another as allies, the Europeans griped, but nowhere did major countries come close to forming real military alliances to counter America's strength. Why not?
The most persuasive answer came from Joseph Joffe, a conservative pro-Atlanticist German. He wrote that while there was plenty of smoldering resentment of American power, no one felt it necessary to ally against it. The United States was a hegemon "different from all its predecessors. America annoys and antagonizes, but it does not conquer.... This is a critical departure from the traditional ways of the high and mighty. For the balance of power machinery to crank up, it makes a difference whether the rest of the world faces a huge but unusually placid elephant or a caniverous [sic] tyrannosaurus rex." America is an elephant that lumbers but does not crush and that uses its hegemony to create "public goods"—institutions that the rest needs for security and economic growth.
If America invades Iraq, the bottom will fall out of this argument. The first consequence would probably be sharp drop in international co-operation against terrorism, especially terrorism directed against the United States. After that, we can contemplate new alliances: Russia and China, Europe and the (unoccupied) Middle East, an international system in rapid flux but increasingly focused on restraining American power. Of course, the United States will always have Israel as its friend.