America faces significant geopolitical risk across multiple theaters of operation. With the post–Cold War peace dividend depleted, today’s multipolar political alignment reflects an instability not seen in nearly 100 years. Russia, Iran, and China are directly challenging the American-led world order. Their goal is clear, and the United States cannot allow them to prevail. While Russia’s disregard for the rule of law and internationally established boundaries preoccupies the near term, an emerging great power competition between the West and China looms over Washington’s mid- to long-term foreign policy priorities. Additionally, Iran’s malign influence has led to a resurgence of violence and instability in the Middle East. Closer to home, socialist and anti-democratic governments in the Western Hemisphere are again wooing voters with the failed and discredited policies of yesteryear.
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