Demand as Power in a Resilient Global Order

One of the most revealing features of today’s international system is that only two nations, America and China, possess sufficient power to truly disrupt it — either directly, through the application of military force, or indirectly, by unleashing an uncontainable economic crisis. In fact, to truly derail globalization in its current trajectory, the two would need to act in concert, either by fighting each other directly or experiencing simultaneous economic collapses. Short of those two scenarios, modern globalization remains highly resilient to shocks of all sorts. That resilience is the only power that really matters in this world. It defines […]

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