Daniel Lubetzky

Philip Stephens wrote an excellent column in the Financial Times about our craving for simple theories and categorizations to describe the new world order of the day, and the uncomfortable reality that geo-political

developments are far more nuanced.  He concludes:

We live in an era of jagged lines where established power structures are buckling, yet it is far from obvious what will replace them. Globalisation is weakening states just as the shifting balance of power promises greater stresses between states. It is enfranchising many citizens and making many others more insecure.

If there was a the unipolar moment it has passed. The US will most likely remain the pre-eminent global power for some time yet, but it is already an insufficient one. The multilateral system designed in the middle of the last century no longer fits geopolitical realities. New powers might be accommodated in a reformed system or they might choose to shun it.