Center for European Studies Working Paper Series #164 (2008) Markets, Rights and Power: The Rise (and Fall?) of the Anglo-American Vision of World Order, 1975-2005 by James Cronin Department of History Boston College Chestnut Hill, MA 02467 Center for European Studies Harvard University Cambridge, MA 02138 Email:
[email protected] Abstract The so-called “special relationship” has been a fixture of international relations since at least 1940, but it seemed of declining significance during the 1960s and 1970s. It has nevertheless been re- vived, even refounded, since then; and it has served as the strategic base on which a new Anglo- American vision of the world has been articulated. At the core of the new connection, and the vision to which it gave rise, is a strong preference for the market and a set of foreign and domes- tic policies that privilege markets and see their expansion as critical to peace, prosperity and the expansion of democracy. This essay examines the origins of this new paradigm as a response to a set of interrelated crises in the 1970s, its elaboration and application during the 1980s under Rea- gan and Thatcher, its curious history since the end of the Cold War, and the way it evolved into the failed policies of the post-9/11 era. The “special relationship”: old and new, imagined and real Enthusiasts for the “special relationship” would seem to be uniquely susceptible to delusional thinking.1 In the UK there is the delusion that the connection compensates for the loss of empire and makes Britain great despite it.