The chaotic consequences of the gradual disintegration of Pax Americana are becoming increasingly clear. For seven decades, the United States safeguarded a global framework, which – however imperfect, and regardless of how many mistakes the superpower made – generally guaranteed a minimum level of stability. At the very least, Pax Americana was an essential component of Western security. But the US is no longer willing or able to be the world’s policeman.
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