Power in the Age of Fracture

Power in the Age of Fracture

In the world that emerged after the Cold War, power moved with container ships and capital markets. Liberalism’s invisible hand was fortified by a visible navy, and its logic was one of frictionless flow: of goods, information, money, and governance standards. The sea was its main artery, and the U.S. Navy its steward. Today, that world is cracking. Capital markets are fragmenting. Supply chains are shortening. Naval supremacy is increasingly co…