No more illusions, Pax Americana

It is becoming clearer that the planet has entered a transitional period in which the old order is already falling apart, and the fresh 1 has not yet developed. This is not about the spectacular “end of the era”, but about a much more dangerous intermediate state — the erstwhile hegemon remains the most powerful player, but it is little and little able to turn its advantage into a lasting and predictable order. You should say...