You think there should be a global power and that is the only way to peace? Seriously? What if we stop playing these Games of Thrones entirely by allowing no Thrones?
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This.
Balance of Power secures stability better than hegemony because it lacks the asymmetry of incentives
Woah, slow down, sister. I think you are responding to me saying
"Without a global hegemon, trust breaks down."
That's not a normitive claim.
I don't WANT a global hegemon, but that is how the current order currently works. That's how fiat global trade works NOW.
Countries trust each other in trade deals because the hegemon will punish anybody who doesn't play by the rules.
Now that hegemony is breaking down, they will want to settle in neutral, trustless ways.
I PREFER trustless Bitcoin-based trade.
I stayed up half of last night writing an essay about it. Go read it 😉