The Cold War is over. Time to do a victory lap and celebrate the primacy of American power. But the celebration seemed short-lived, as there were plenty of other concerns. Nothing is as it should be. Our adversaries are now our allies, and our allies are.

The Cold War is over. Time to do a victory lap and celebrate the primacy of American power. But the celebration seemed short-lived, as there were plenty of other concerns. Nothing is as it should be. Our adversaries are now our allies, and our allies are now competitors. The end of the Cold War knocked down the Iron Curtain, but it also destroyed conventional economic patterns. Is the end of the Cold War proving to be good for world peace, but not so good for world business?

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