As Trump humiliates Zelensky, has Washington quietly decided to switch sides? In this Despatch, Bruce Anderson dissects a moment of historic uncertainty—one that rivals the upheaval of the post-Pearl Harbor years. With Europe forced to rethink its reliance on US protection and negotiations with Moscow looming, what comes next for Ukraine, NATO, and the global balance of power? Despatch is a fresh addition to The Capitalist, bringing you the best writing from CapX's unmissable daily email briefings.

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