Leadership of the Global South has gradually declined since the 1980s. Many hope
BRICS+ will fill the vacuum, but its purpose and membership suggest such hopes may be misplaced. A repurposed Non-Aligned Movement (
NAM) offers the best way forward.
US President Trump’s policies are supposed to make America great again (MAGA), which means different things to various parties. Some of its consequences are inadvertent, including undermining dollar dominance and inducing stagflation worldwide.
The Federal Reserve Bank’s turn to ‘reserve management’ exposes the limited policy options still available as the US seeks to protect itself against international stagflation stemming from President Trump’s policies.
The January 2026 US National Defense Strategy (NDS) departs significantly from those preceding it, including from Trump’s first term. Is it deliberately misleading? Or is actual policy, including war, being driven by other considerations?