‘Too big to fail’ is a phrase which gained mainstream popularity during the late 2000s financial crisis. It was used to describe a business that had become so large that should it fail, the resulting ripple effect would be disastrous to the economy. In the past two months, the phrase has been batted around by many of my peers, politicians, the talking heads on the cable news channels, and political scientists around the world. The Singapore summit between President Trump, and Kim Jong Un has been labeled, fairly or not, ‘too big to fail.’ There is some truth to the label for the summit, however, not in the manner that many people would think.
To borrow another phrase, the outlook of most observers, and journalists can best be described as ‘too ignorant to comprehend.’ It is generally understood that the stakes are incredibly high for the summit scheduled to begin here in less than twenty-four hours. Identifying just what those stakes include is where the trouble begins. Journalists, as well as nearly everyone else, continually overlook the reality that unless an agreement is reached on eventual North Korean denuclearization, the US-North Korea standoff is likely to escalate. The ripple effect of a failed summit could very well lead to US military action to neutralize the North’s nuclear weapons in coming months.
North Korea’s nuclear weapons are a clear and present danger to the United States. The singular purpose of this summit, contrary to what is said in front of the cameras, has always been removing nuclear weapons from Pyongyang’s control. If it turns out to be impossible to do through diplomacy, negotiation, and economic incentive, the US has to consider a kinetic alternative.
To be sure, nobody wants that to happen. Unfortunately, the desires of peaceful people around the world pale in comparison to the crucial interests, and security concerns of sovereign nation states.
President Trump has said that the Singapore meeting will be a one-shot deal for North Korea. Let’s hope Kim Jong Un will understand this and negotiate in good faith.
Thirty-six hours from now we will have a fairly good take on whether or not the summit was successful. In short, a successful summit will see concrete steps towards denuclearization laid down. An unsuccessful meeting places all parties back at square one with little incentive to try the negotiation route again.