Posted inChina, European Union, Iran, Middle East, Russia, South Asia, World

The return to 19th century rivalry

Arguably, the greatest benefit of the US led international order has been the reduction and near elimination of secret covenants between nation-states, which dominated international politics for centuries. Two world wars upended the viability of fixed exchange rates and empires. Aside from conflicts in archaic regions, the rare political or military coup, genocide and religious strife […]