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Post-American Networks

12 6 0
22.07.2019

WASHINGTON, DC – In today’s world, access to global networks is a critical source of power, but the resulting interdependence can also generate vulnerability. The power flows from centrality: being a hub that connects all (or most) other nodes. The threat of denying access to such hubs can be a powerful sanction against bad actors. But if that power is abused – if asymmetrical interdependence is weaponized – participants in a network may decide to create alternative networks of their own.

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    That is the risk the United States is currently running. It holds the world’s principal reserve currency and enjoys a central role in global financial networks. But it is using that position to pursue foreign-policy goals that are likely to weaken its centrality, and thus its leverage over the long term.

    A prime........

    © Project Syndicate