The Global Power Shift: A Macro-Economic Critique (legrandcontinent.eu)

• Chinese economic growth has fundamentally shifted the global center of gravity to the Pacific.
• The Western political consensus has collapsed, replaced by a defensive, mercantilist 'national market liberalism'.
• Geopolitics is now dominated by internal social pressures rather than just external strategic rivalry.

"Branko Milanović’s latest work documents the 'Great Transformation' driven by Asia’s economic ascent. The author argues that the rise of China—moving from 2% to 22% of global GDP—has shattered the neoliberal order, forcing Western nations to pivot toward a protectionist, national-market liberalism. This shift is not merely technological but political, as Western elites manage internal discontent caused by real wage stagnation. Consequently, US foreign policy has become an instrument for slowing China's growth to protect existing domestic power structures, replacing global cooperation with a new era of imperialist-style competition."