THE parallels of history have obsessed the foreign policy elite for years, and are building towards a fever pitch: Is the Asia of 2014 the new Europe of 1914?
China is a rising and assertive new power much like Kaiser Wilhelm II's Germany. An explosion of nationalism has taken hold among dynamic ethnic nations, from Beijing to Tokyo, Hanoi to Manila.
And as Asia's middle-classes enjoy a new and ascendant place in the world, sustained capitalist prosperity has led to military acquisitions.
An arms race in Asia is on the loose - as the Australian analyst Desmond Ball reports, progressing to a dangerous phase of actions and reactions, as opposed to a normal, non-threatening build-up.
If World War I was "the first middle-class war in history", as the Canadian historian Modris Eksteins writes, with literate masses bursting with patriotic pride, no wonder so many see the dark echoes in the Pacific becoming an armed camp.
Historical analogy is useful for rough orientation. But it is dangerous when taken too far; each situation is its own thing, thoroughly unique. Indeed, great statesmen are those who exploit unique opportunities, even as they are aware of vague parallels to the past.
The Pacific Basin now offers a signal illustration of vague parallels and yet telling differences to Europe on the eve of World War I.
Miscalculations in the balance of power were a factor in the outbreak of World War I, and with the rise of Chinese military power - Beijing recently announced a 12.2 per cent increase in its military spending, bringing its total annual budget to roughly 25 per cent that of the United States - the Pacific is no longer an uncomplicated US naval lake.
A more complex balance of power between the US, China, Japan and others is replacing unipolarity. Such an arrangement, because it promises more interactions, makes miscalculations easier.
While the Obama administration's 2011 Asia pivot was intended to indicate a shift in emphasis from the Middle East to Asia - and guarantee that the US would remain globally engaged despite difficulties in Iraq and Afghanistan - it was also an admission of geopolitical anxiety: that the stability of the Pacific could no longer be taken for granted.
As naval warfare goes undersea - because surface warships are increasingly vulnerable to missiles - "submarines are the new bling, everybody wants them", says Singaporean military strategist Bernard Loo Fook Weng.
Malaysia, Indonesia, Australia, Vietnam, South Korea and Japan have all been adding to their undersea arsenals, and China is expected to have a fleet of around 75 submarines in the coming decade or so, eventually surpassing the US.
Just as modernism - with its industrial militaries - allowed for the grim, interminable nightmare of World War I, there is the fear that the Pacific will show us the demonic lightning flashes of post-modernism, with nuclear- powered submarines, fifth-generation fighter jets, ballistic missiles and cyber warfare.
Though the islands in dispute in the East and South China seas are in many cases barren and below water during high tide, conflicts, as Aristotle wrote, arise "not over small things but from small things".
The assassination of the Austrian Archduke Franz Ferdinand that sparked World War I was one such small thing.
Claims in the Pacific, however petty, if they are tied to vital interests, can lead to war. Indeed, the primordial quest for status still tragically determines the international system - just as it did prior to World War I. And these islets have become, because of their very barren abstraction, logos of nationhood in a global media age.
Remember that the Pacific is the geographic organising principle of world economic order to no less an extent than Europe was in 1914.
The South China Sea functions as the throat of the Western Pacific and Indian oceans, where the most crowded global sea routes coalesce - the Mitteleuropa of the 21st century. The oil transported here from the Middle East en route to Asian mega cities is triple the amount that passes through the Suez Canal and 15 times the amount that transits the Panama Canal.
But before one buys the 1914 analogy, there are other matters to consider.
While 1914 Europe was a landscape, with large armies facing one another inside a claustrophobic terrain with few natural barriers, East Asia is a seascape, with vast maritime distances separating national capitals.
The sea impedes aggression to a degree that land does not. Naval forces can cross water and storm beachheads, though with great difficulty, but moving inland and occupying hostile populations is nearly impossible.
The Taiwan Strait is roughly four times the width of the English Channel, a geography that continues to help preserve Taiwan's de facto independence from China.
Even the fastest warships travel slowly, giving diplomats time to do their work. Incidents in the air are more likely, although Asian countries have erected strict protocols and prefer to posture verbally so as to avoid actual combat.
(That said, the new Chinese air defence identification zone is a particularly provocative protocol.)
Since any such incidents would likely occur over open water, there will be few casualties, reducing the prospect that a single incident will lead to war.
And because of the speed, accuracy and destructiveness of post- modern weaponry, any war that does break out will probably be short - albeit with serious economic consequences. Something equivalent to four years of trench warfare is almost impossible to imagine.
And remember that it was World War I's very grinding length that made it a history- transforming and culture-transforming event: It caused 17 million military and civilian casualties; the disputes in the Pacific Basin are certainly not going to lead to that.
World War I also featured different and unwieldy alliance systems.
Asia is simpler: Almost everyone fears China and depends - militarily at least - on the US. This is not the Cold War where few Americans could be found in the East Bloc, a region with which we did almost no trade.
Millions of Americans and Chinese have visited each other's country, tens of thousands of American businessmen have passed through Chinese cities, and Chinese party elites send their children to US universities.
US officials know they must steer between the two extremes of allowing China's Finlandisation of its Asian neighbours and allowing nationalistic governments in Vietnam, the Philippines and Japan to lure the US into a conflict with China.
Nationalistic as these democracies may be, the best way to curb their excesses and make them less nervous is to give them the assurance of a US security umbrella, born of credible air and sea power.
A strong US-China relationship can keep the peace in Asia. (South Korea also fears Japan, but the US is successfully managing that tension.)
Unlike empires mired in decrepitude that characterised 1914 Europe, East Asia features robust democracies in South Korea and Japan, and strengthening democracies in Malaysia and the Philippines.
An informal alliance of democracies - that should also include a reformist, de facto ally like Vietnam - is the best and most stable counter to Chinese militarism. Some of these democracies are fraught, and fascist-cum-communist North Korea could implode, but this is not a world coming apart. Limited eruptions do not equal a global cataclysm.
Yet the most profound difference between August 1914 and now is historical self-awareness. As Professor Eksteins meticulously documents in his 1989 book, Rites Of Spring: The Great War And The Birth Of The Modern Age, European capitals greeted the war with outbursts of euphoria and a feeling of liberation. Because 19th-century Europe had been relatively peaceful since the Napoleonic Wars ended in 1815, people had lost the sense of the tragic that enables them to avoid tragedy in the first place.
Ageing, one-child societies like those of China, Japan and South Korea, with memories of war, revolution and famine, are less likely to greet violent struggle with joy and equanimity. And the US, the paramount military player in Asia, by its very conscious fear of a World War I scenario, will take every measure to avoid it.
A profusion of warships in the Pacific certainly suggests a more anxious, complicated world.
But US generals and diplomats need not give in to fate, especially given the differences with a century ago.
The US entered World War I too late.
Projecting a strong military footprint in Asia while ceaselessly engaging the Chinese is the way that conflict can be avoided this time around.
The writer is author of Asia's Cauldron: The South China Sea And The End Of A Stable Pacific. He is chief geopolitical analyst for Stratfor, a private global intelligence company.