The rules-based global order, its institutions and value system face a crisis of legitimacy and credibility as the US turns away
โThe old world is dying,โ Antonio Gramsci once wrote. โAnd the new world struggles to be born.โ In such interregnums, the Italian Marxist philosopher suggested, โevery act, even the smallest, may acquire decisive weightโ.
In 2025, western leaders appeared convinced they โ and we โ were living through one such transitional period, as the world of international relations established after the second world war crashed to a halt.
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