Lesley Stahl: We have heard that half a million children have died. I mean, that's more children than died in Hiroshima. And, you know, is the price worth it? Madeleine Albright: I think this is a very hard choice, but the price—we think the price is worth it.

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In early 2000, I became the first senior U.S. official to meet with Vladimir Putin in his new capacity as acting president of Russia. We in the Clinton administration did not know much about him at the time — just that he had started his career in the K.G.B. I hoped the meeting would help me take the measure of the man and assess what his sudden elevation might mean for U.S.-Russia relations, which had deteriorated amid the war in Chechnya. Sitting across a small table from him in the Kremlin, I was immediately struck by the contrast between Mr. Putin and his bombastic predecessor, Boris Yeltsin. Whereas Mr. Yeltsin had cajoled, blustered and flattered, Mr. Putin spoke unemotionally and without notes about his determination to resurrect Russia’s economy and quash Chechen rebels. Flying home, I recorded my impressions. “Putin is small and pale,” I wrote, “so cold as to be almost reptilian.” He claimed to understand why the Berlin Wall had to fall but had not expected the whole Soviet Union to collapse. “Putin is embarrassed by what happened to his country and determined to restore its greatness.”

Hugh, I know I shouldn't even be asking you this, but what we really need in order to go in and take out Saddam is a precipitous event—something that would make us look good in the eyes of the world. Could you have one of our U-2s fly low enough—and slow enough—so as to guarantee that Saddam could shoot it down?

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There is a significant moral difference between a person who commits a violent crime and a person who tries to cross a border illegally in order to put food on the family table. Such migrants may violate our laws against illicit entry, but if that's all they do then they are trespassers, not criminals. They deserve to have their dignity respected.

Although Mr. Putin will, in my experience, never admit to making a mistake, he has shown that he can be both patient and pragmatic. He also is surely conscious that the current confrontation has left him even more dependent on China; he knows that Russia cannot prosper without some ties to the West.

I'm a critic. I think the administration has really undermined America's power and reputation and that Iraq may go down in history as the greatest disaster in American foreign policy, which means that I think it's worse than Vietnam in its unintended consequences and for our reputation. This president, because his administration is imposing democracy, which is an oxymoron, has, I think, hurt the concept. It is not just that the administration has been unilateral but that it has been unidimensional. It has paid attention primarily to one part of the world, without enough attention being paid to other parts.

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In the 20-odd years since we met, Mr. Putin has charted his course by ditching democratic development for Stalin’s playbook. He has collected political and economic power for himself — co-opting or crushing potential competition — while pushing to re-establish a sphere of Russian dominance through parts of the former Soviet Union. Like other authoritarians, he equates his own well-being with that of the nation and opposition with treason. He is sure that Americans mirror both his cynicism and his lust for power and that in a world where everyone lies, he is under no obligation to tell the truth. Because he believes that the United States dominates its own region by force, he thinks Russia has the same right.

What really troubles me is that democracy is getting a bad name because it is identified with imposition and occupation. I'm for democracy, but imposing democracy is an oxymoron. People have to choose democracy, and it has to come up from below.