When China Rules

While America’s allure is partly its ability to transform others into Americans, the Chinese have tried not to change the world, but to adjust to it. If China becomes a superpower, the Chinese will not seek to remake the global order, but rather to extract the greatest possible benefit from existing rules.

VIENNAFor a European these days, thinking about the future is disturbing. America is militarily overstretched, politically polarized, and financially indebted. The European Union seems on the brink of collapse, and many non-Europeans view the old continent as a retired power that can still impress the world with its good manners, but not with nerve or ambition.

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