Congrats, 2014. You could have been a lot worse
“There have been worse years in recent history,” New York Times columnist Ross Douthat wrote, “but 2014 definitely stands out for the sheer variety of awfulness.” That sentiment captures the popular perception of a year that can’t seem to end soon enough.
In many ways, it would be hard to disagree.
In the United States, political and racial polarization seemed especially deep, and across the globe things got pretty scary. Russia annexed Crimea and sent its forces into eastern Ukraine in an effort to undermine the new Western-oriented government in Kiev. In the Middle East, the Islamic State displaced al-Qaida as the region’s bad guy. The euro-zone economies stagnated, even compared with how they performed in the 1930s, during the Great Depression. Ebola terrorized Guinea, Liberia and Sierra Leone, and threatened many more countries. As the year closed, two cops in Brooklyn were fatally shot at point-blank range, and the Pakistani Taliban committed a heinous massacre of schoolchildren in Peshawar. And to top it all off, a boy dictator in Pyongyang even threatened to prevent the rest of us from weakly laughing at Seth Rogen.
It’s not that there was no positive news - the fall in global energy prices put more money in people’s pockets, and crime continued to decline in the United States. Still, the bad seemed to crowd out the good.
But what if 2014 turned out better than expected? Thinking about what actually happened this past year may not be the best way to judge it. After all, an awful lot of smart people predicted a lot of even-more-terrible things that never came to pass. And these averted catastrophes point toward some interesting ways to think about 2015.
Perhaps the most important nonevent of 2014 was that war did not break out in the Pacific Rim. This was far from guaranteed at the beginning of the year. At the World Economic Forum in Davos, Switzerland, there was a lot of chatter that a century after the start of World War I, the Sino-Japanese dispute over the Senkaku/Diaoyu Islands would lead to a similar conflagration. Some of that talk came from Japanese Prime Minister Shinzo Abe, so there were valid reasons for worry.
The tensions in the region seem less severe at the end of the year, however. A successful Asia-Pacific Economic Cooperation summit led to an outbreak of comity when China and Japan agreed to disagree. Also, bilateral deals on climate change and trade illustrated a robust Sino-American relationship. After a year of “could 1914 happen again?” rhetoric, it is comforting to see that the longest post-Westphalian streak of “no great power war” will continue into 2015.
Another nonevent in 2014 was the next U.S. recession. After growth slowed in the fourth quarter of 2013, the economy shrank by more than 2 percent in the first quarter of 2014. The surprise slowdown prompted a lot of concerns that the American economy, which had been expanding since 2009, was about to go into recession. In March of this year, in fact, a majority of Americans believed that the economy was in recession.
As it turned out, the initial explanation for the one-quarter contraction - the horrible winter weather - proved accurate. Both gross domestic product and employment accelerated for the rest of 2014, with the economy generating more than 2.5 million jobs, the best year of job creation since the 1990s. All of this occurred with persistently low levels of inflation and as the Federal Reserve turned off its quantitative easing program. Although the rest of the global economy looks fragile, the United States has gathered steam.
Even in the parts of the world where bad things happened, the worst-case scenarios did not materialize.
In the case of Ebola, there was a lot of concern that the epidemic would spread into Nigeria, the most populous and interconnected country in West Africa. Council on Foreign Relations fellow Laurie Garrett warned - in a Foreign Policy article ominously titled “You Are Not Nearly Scared Enough About Ebola” - that if the disease spread into Nigeria’s largest city, it would make the film “Contagion” look like a fairy tale. Garrett’s warnings seemed sober once an Ebola diagnosis was reached in the United States. Sen. Rand Paul, among others, warned that the disease was far more contagious than the Obama administration had stated.
Fortunately, the apocalyptic scenarios turned out to be groundless. Nigeria contained its one Ebola outbreak, and the pandemic has not returned to that country. There were only a handful of Ebola cases in the United States. And there was a much higher survival rate in the United States compared to Ebola victims in Africa, offering hope to health experts that the disease is more amenable to treatment than they originally thought. Meanwhile, the number of new cases has stabilized in Guinea and has declined considerably in Liberia.
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