Nathan Gardels at Noema:
In this circumstance, there is not so much a vacuum as a cloud of uncertainty. Everything is up in the air. Expectations, assumptions and intentions are scrambled. Fearing lost advantage in the face of these unknowns, worst-case scenarios drive the build-out of capabilities. Acting in the breach is a wild guess, the possible outcomes of which cannot be assuredly weighed.
That is the situation we are in today as we witness the nascent revival of Great Power spheres of influence being tested out in Venezuela, Ukraine and Taiwan.
Among the more shocking turns of the Trump administration is the unabashed throwback to the Monroe Doctrine, enforced by gunboat diplomacy in Latin America, replete with the remarkable claim that the national patrimony of Venezuela’s oil resources is rightly the province of U.S. oil companies.
More here.
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