By Niall Ferguson (Original source The Times)
“It is hard to believe, with the world (and especially The New York Times) laughing at us, that for roughly 2½ centuries Britain maintained the balance of power in Europe. But how? A balance of power, the young Henry Kissinger wrote in 1951, depends on two things: “an outside balancer with a profound conception of national strategy and unencumbered by ideological considerations” and “a large measure of agreement on basic values within the ‘concert of powers’ ”.
However, he added, before “you can have a balance of power there must be power to be balanced. The balancer must not himself be part of the equilibrium, except to tip the scale.” This, Kissinger argued, had been the case in the period after Napoleon’s defeat, when the balancer had been Britain and the power to be balanced France. But it was not the case in the early Cold War.”
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