The financialization of the global economy produced the worst financial crisis since the Great Depression. The new arrangements which came into effect due to globalization, came with risks that the hyperglobalists did not foresee, although economic theory could have predicted the downside to globalization just as well as it did the upside.
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Although China does not want to usurp the United States’ position as the leader of a global order, its actual aim is nearly as consequential. As one Chinese official put it, “Being a great power means you get to do what you want, and no one can say anything about it.” In other words, China is trying to displace, rather than replace, the United States.
Experts estimate the likelihood of a U.S.-Chinese nuclear crisis as “somewhere between nil and zero.” This assurance is misguided. The United States' signature approach to conventional warfare would be a potential recipe for nuclear escalation.
The immediate threat is more corrosive than explosive. States are using the tools of cyberwarfare to undermine the very foundation of the Internet: trust. The result is that an arena that the world relies on for economic and informational exchange has turned into an active battlefield.
The psychology of Putin, the ideology of his regime, and the machinery received exhaustive attention in the West. The Russian people, however, remain poorly understood.
"Sooner or later this economy will slow,” the New York Times columnist Thomas Friedman declared of China in 1998. He continued: “That’s when China will need a government that is legitimate."
In the aftermath of World War II, the United States set about building a global, rules-based economic order.
In 2015, before resigning his position as economy minister in President François Hollande’s government, Emmanuel Macron explained his idea of French democracy
Since the end of World War II, U.S. administrations of both parties have relied on a time-honored foreign policy tool: training and equipping foreign militaries.
Donald Trump, the 45th president of the United States, has a point about Europe and NATO.