Featuring Ilias Alami and Tim Sahay on a global conjuncture defined by Washington's shredding of the liberal international order’s legitimacy amid a panic over decline: the escalating Cold War with China; Gaza genocide; Trump’s tariff wars and militarism, and his pivot toward Putin on Ukraine; European defense buildup and fiscal revolution; what this all means for the poor majority of the Global South, and more. Part one of a two-part series.

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Transnational Institute reports:

The New Frontline: The US-China Battle for Control of Global Networks tni.org/en/article/the-new-frontline

Geopolitics of Capitalism: State of Power 2025 tni.org/en/publication/geopolitics-of-capitalism

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