The outlines of this new era are slowly beginning to take shape. Globalization is out; self-reliance and control of a nation’s own supply chains are in. Nationalism is back in vogue, and so are the strongmen who preach it. North Korea and Iran are now military suppliers to Russia and increasingly in alignment with China. The partnership that Xi and Putin celebrated at the opening of the Olympics is stronger than at any point since the Korean War. Putin’s threat to deploy battlefield nuclear weapons to deter other countries from aiding Ukraine risks inspiring other nuclear-armed autocrats.
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