After the Second World War, western policymakers established the Bretton Woods system to protect capitalism from the forces of fascism and socialism. For a long time, this idea worked, in part because the balance between national interests and the global economy did not get too far out of whack. However, over the past 20 years, global capitalism ran ahead of domestic concerns in individual nation states, while some countries failed to observe the international rules. As policymakers begin the process of crafting a new Bretton Woods, and seek to embed the values that liberal democracies want to uphold, practitioners must understand the implications for asset classes and portfolio construction. - Rana Foroohar, Financial Times & CNN. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum