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This is a conversation with Professor Sarah C.M. Paine—one of the sharpest minds on grand strategy and on how great powers rise and fall. We talk about why Russia, China, and even the U.S. often misunderstand their own strengths, repeat the same strategic mistakes, and ultimately sabotage themselves from within. If you want to understand why grand strategy fails, and what that means for the next decade of global competition, this one’s worth your time.