Who Will Sit Atop the Next World Order? by Joschka Fischer

American hegemony has given way to a global order based on rivalry and competition among several major powers, where there is no longer a fixed, codified set of rules. Instead, there is only economic, technological, and military power—the likes of which China is amassing faster than many observers realize.

BERLIN—The era in which global order rested on a US monopoly over military and economic power and values has finally come to an end, taking Europe’s long period of stability with it. The world has become significantly more turbulent and uncertain, and the near future will bring even more instability.

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