Why Regime Change Efforts Fail

Even after high-profile failures in Iraq, Afghanistan, and Libya, some in the policy community still call for supplanting illiberal regimes using military force. Such arguments typically assert that regime change will achieve security or humanitarian goals more cheaply and quickly than sustained diplomatic pressure and engagement. But a growing scholarly consensus shows that foreign-imposed regime change rarely succeeds and often creates more problems than it solves.

While a more democratic world may improve American security and human rights, the use of armed force to push for these political outcomes undermines nonmilitary tools that are more effective at these goals. It also empowers peer competitors who have incentives to counter US attempts at regime change. The United States should rethink its strategic objectives and seek other ways to promote democracy, security, and human rights around the globe.

A key reason why regime-change operations fail is that citizens observe heterogeneous signals, creating endogenous differences in beliefs about the likelihood of regime change. Leaders attempt to induce higher anti-regime efforts by increasing the reward for a given level of effort but that raises the cost of failure. Leaders therefore struggle to find an optimal reward scheme for each citizen.

The resulting heterogeneity makes it more difficult for outside forces to create a coherent, cohesive revolution with a clear end goal in mind. Instead, they are more likely to create a failed state or civil war and draw the foreign intervener into lengthy nation-building projects. To improve policy outcomes, American officials must shift two common mindsets: First, they must understand that a toppled foreign regime is only the beginning of a long process of building democracy and establishing institutions and norms that provide stability.

Recession Fears Are on the Rise

Recession fears are on the rise.

Recessions may seem scary, but they don’t always last as long as we think and they usually give us a chance to get our finances in order before things really start to shake up. That’s why it’s important to take the time to consider your options and make sure you’re prepared for whatever comes your way. Having an emergency savings cushion can help you weather any economic storms, so it’s worth beefing up yours before the next recession hits. It’s also a good idea to diversify your investments, so you’re not as exposed to any one particular market.

As the stock market slides and consumer confidence tumbles, Americans’ pessimism is rising. More than half of adults now say they’re pessimistic or afraid about the economy, according to a new CNN/SSRS poll. And the percentage who believe a recession is coming in the next year is near its highest level since the Covid pandemic.

While a recession hasn’t officially been declared (the National Bureau of Economic Research makes that call), many experts have raised their recession probabilities in recent days. For example, Goldman Sachs recently upped its chances of a recession to 45% in the next 12 months and JP Morgan has upped its risk of a global recession to 60%.

While these concerns aren’t necessarily valid, it’s important to understand what a recession actually means and how it could impact your financial life. That’s why we’re working on a new measure of recession fears, which will be updated more frequently and provide real-time insight into how these anxieties are evolving.