Originally produced on Sept. 19, 2016 for Mauldin Economics, LLC
The war in Syria is significant in two ways. First, the outcome can reshape the Arab Middle East. Second, and perhaps more important, Syria is not simply about Syrians. The US, Russian, Iranian, Turkish, and French forces are engaged there along with the Islamic State (IS), al-Qaida, and secular Arabs. The Saudis and the rest of the Arab monarchies also exert political and economic influence on Syria.
I have written in the past about how the growing crises in Eurasia are increasingly interacting. Syria is the place where that interaction is the greatest and most violent.
Prior to World War II, there was a civil war in Spain. Nazi Germany and fascist Italy sent troops. The Soviet Union did as well. In addition, leftists from around the world flocked there to fight. The French and British refused to get involved, trying not to be drawn in. The Spanish Civil War was said to be a rehearsal fo