geopolitics · China · USA
A new world order? No, a new world chaos
16 March 2025 · First published in Capital · Original in Capital →
In brief
Technological leaps – renewables and the shale revolution – redirect money flows and shift power: China leads solar, wind and batteries; the US is a net oil-and-gas exporter, but long-term exposed to falling gas demand in China and Europe. He reads the February 2025 Riyadh meeting as a new "energy cartel", US governance changes (DOGE, Project 2025) as corporations becoming the state, and big data/AI as a chance for planned economies, and argues that without international agreements the transition will breed conflict.