The Second Cold War
To understand what is at stake in the fight against the axis of China, Russia and Iran, just read “The Lord of the Rings.
The emergence of this new Axis was foreseen by Zbigniew Brzezinski, President Jimmy Carter’s national security adviser, as long ago as 1997. In his book The Grand Chessboard, Brzezinski wrote: Potentially, the most dangerous scenario would be a grand coalition of China, Russia, and perhaps Iran
Ferguson’s Law — states that any great power that spends more on debt service (interest payments on the national debt) than on defense will not stay great for very long.
Tolkien’s hobbits are also isolationists, in their way. However, despite their strong preference for the quiet life, Frodo and Sam come to realize that they must fight their way to Mordor and risk their necks to destroy Sauron’s Ring of Power.
Niall Ferguson 21 april 2024
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