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The reason Waltz's book carries such weight, despite flaws, is that Waltz lays out a simple, theoretically "testable" version of a much broader and older theory (Political Realism). Political Realism, as perhaps best laid out by (the German-turned-American) scholar Hans Morganthau, views nations as the unitary actors in international affairs (in much the same way as Marx viewed economic classes as unitary actors in the political sphere): states have "interests" that they will act on, regardless of the interests, ideologies, cultures, religions, etc. of individual state leaders or even of the individuals who make up a state. This interest is "power," understood as control over one's own destiny and (perhaps incidentally) the destiny of others. It is a very broad idea has a certain gut appeal. After all, the Athenians of Thucydides were Realists when they replied to the Melians' "international law" arguments by saying, "The strong do what they will, the weak do what they must."
Despite this appeal, Morganthau's argument has serious theoretical and historical problems. First, power is so broadly defined that the theory is "untestable." Was Hitler power-hungry? Yes, but that's not Morganthau's argument: Germany would have sought to aggrandize its "power" even if it had been led by Gandhi. Second, the idea, while perhaps empirically appealing, is largely assumed: why power? why not wealth? Perhaps countries do not seek power, but the wealth that power brings?
Waltz's "Neorealism" inserts "national security" where Morganthau had "power," and, while this may sound equally broad and vague, it actually is a more theoretically robust (if factually more problematic) concept. Whereas Morganthau had "black-box" (i.e., functionally identical) states pursuing power for reasons of "human nature," Waltz has black-box states pursuing national security for essentially Darwinian reasons. Leaders of states will invariably pursue policies that enhance their nations' security, or else they will be forced out of office (through votes, assassination, etc.) If the state-as-the-collective fails to do this, it risks annihilation (at worst) or subjugation (in one form or another). (Against the criticism by some like Paul Krugman that countries "do not go out of business," I would ask him to first check the opinions of the leaders of the Republic of South Vietnam or pre-WWII France).
Of course, pursuing national security can take many forms--it may mean forming alliances with erstwhile enemies (the U.S. with the Soviet Union in 1941, or China with the U.S. in the 1970s), or it may even mean sucking up (in one form or another) to the biggest potential threat (Finland to Russia during the Cold War, or perhaps Canada to the U.S. today). Consequently, alliances will be fragile and can be disgarded on a moment's notice, regardless of culture, ideology, etc. International trade can also be problematic, because even a "win-win" situation may be a loser if your trading partner/potential adversary wins more than you do and can convert the economic benefits into political or military power.
Neorealism may sound simplistic, but the theory, understood in broad terms, has proven remarkably powerful and, I would argue, is the closest thing political science has to an international relations theory that can actually be predictive. A Realist/Neorealist such as Henry Kissinger could predict that China, despite Communism, would part ways with the USSR and ally with the United States. A Neorealist such as Jim Baker might predict that an Arab-U.S.-Israeli coalition would hold together against Iraq, despite an eternal dream of pan-Arab unity. Looking forward, it predicts that the political differences between the United States and China will grow, and that Europe will continue to use trade as a weapon to undermine America's influence in the rest of the world and, regardless of whoever comes to power, Russia will not return to an adversarial relationship with the United States, but may, in fact, seek it as an ally against China and the EU.
Of course, there have been uncounted objections to Waltz and Neorealism. Yet Waltz's Theory of International Politics stands as an important work because the other powerful theories--Neoliberalism, Institutional Theory, et al.--all begin as an attempt to plug the theoretical gaps allegedly found in Waltz. A book and an idea that all feel compelled to address should not be dismissed so readily.
Eric Gartman
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