Several high-profile and quite epochal developments are dominating the global political economy and threaten to tilt the world further away from continuity towards rupture.

They are the (apparently) perturbatory event that is Donald Trump; wars in the Levant, on the Eurasian Steppe and in Sudan; and China’s continued march. China will, for better or for worse, get to the future before anyone else. That was how a certain Karl Marx described Europe’s rise when he was a journalist at the New York Tribune between 1852 and 1862...

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