Citizens mobilized against corporate abuses in the Nineteen Sixties and Seventies. It can happen again now when the corporate overlords in the context of demonstrated crises – climate, pandemics and powerful unregulated technologies – are acting far worse than they have in recent times.

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For the first time since World War II and the arrival of Pax Americana, the United States is about to meet its match. If the United States and China are to avoid going head to head and instead work together to tame a world that will be both multipolar and interdependent, the two countries will need to learn to live comfortably alongside each other in a global system that is ideologically diverse and politically pluralistic. Americans will need to take a leap of political imagination in order to coexist with a great power whose political system they find threatening and at odds with their messianic commitment to spreading democracy. The alternative is intractable geopolitical fracture and deepening global disarray.

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The war potential of a great country, or of a group of countries, is strengthened by the development of the adverse military power. The trade in arms is the only one in which the orders obtained by a competitor increase those of his rivals. The great armament firms of hostile powers oppose one another like pillars supporting the same arch. And the opposition of their governments makes their common prosperity.

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