Self-interest is the order of the day in foreign relations. That’s what Peter Zeihan is seeing in his role as a geopolitical strategist.
The relative stability that followed World War II was maintained through a tradeoff, he explained at the 72nd CFA Institute Annual Conference, hosted by CFA Society of the UK. The United States ceded economic benefits to other countries in exchange for their participation in a global defense network.
The international order that developed in the 1940s to contain the Soviet Union did not include contingency plans for anything other than a world dominated by two global superpowers. “It had never occurred to the Americans that the global system could ever go anywhere except for the logical endpoint of nuclear annihilation,” he said.
That global order no longer serves US interests. “Economically, it was never supposed to,” Zeihan said. “Then it wouldn’t be a bribe.” Read More