I just read Josh Marshall's response to Peter Beinhart's controversial piece here:
http://www.talkingpointsmemo.com/archives/004186.php
He agreed with some of Beinhart's points but disagreed over the nature of the terrorist threat:
But unlike communism in 1947, militant Islam simply does not pose an existential threat to our civilization. It just doesn't.
Normally, Josh Marshall is pretty clear-headed, but I don't know where he came up with that. Of course militant Islam poses an existential threat to us. Just because it doesn't control any large countries outside of the Middle East, as Marshall goes on to argue, doesn't mean it does not have the potential capacity to ruin our way of life.
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