© The Financial Times Ltd 2012 FT and 'Financial Times' are trademarks of The Financial Times Ltd.

FT dot comment is no longer updated but it remains open as an archive.
Politics, economics, high finance and morality – this blog addresses the issues being considered by the FT’s comment team, and their thoughts.
Lorien Kite is deputy comment editor, a post he took up in 2009 after four years as a commissioning editor on the analysis page. He joined the FT in 2000.
Ian Holdsworth became assistant features editor in 2009 and was previously chief production journalist for the features pages.
Joining the debate: To comment, please register with FT.com. Register for free here. Please also read the FT's comments policy here.
Contact: You can write to the comment team using this email format: firstname.surname@ft.com
Time: UK time is shown on our posts.
Follow the blog: Links to the Twitter and RSS feeds are at the top of the blog.
FT blogs: See the full range of the FT's blogs here.
© The Financial Times Ltd 2012 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Obama gets prize for doing his job
So nine months in and Barack Obama has already won the Nobel Peace Prize. Extraordinary. It appears to be an award primarily for not being George W. Bush, since Obama’s entire achievement so far is, um, to reverse Bush’s American unilateralism. This is done in the hope – stress, *hope* – that it leads to something positive in world politics. Don’t get me wrong, this isn’t a bad thing; but it won’t be Peace Prize-worthy until he has made it work. The Nobel committee said:
Benedict Brogan at the Telegraph urges Obama to turn it down, on the basis that he is the “barely man” of world politics:
The Peace Prize doesn’t have a glorious history, as the FT’s Gideon Rachman pointed out yesterday. Henry Kissinger, who – amazingly – won when he tried to end the Vietnam war. His upsumming of the prize gets it about right for Obama: “More than the achievement of peace, it symbolises the quest for peace.”
We can only keep our fingers crossed that Obama doesn’t follow in the footsteps of Kissinger, who failed entirely in his attempt to end Vietnam, and went on to bomb Cambodia and Laos so heavily that they still haven’t recovered. Later winners also seem to have won on the basis of the committee hoping against hope that they can manage something: Yassir Arafat and Shimon Peres, particularly. Gideon has a handy guide to the awful things that happened after other peace prizes were awarded.