Russia's interference in Western elections and its other geopolitical provocations may make it seem like this era's defining dynamic will be a new Cold War.
But an emerging U.S.-China "Cool War" and a warming planet — the subjects of this month's Global Minnesota "Great Decisions" dialogue — may be more profound, according to two astute analyses released this week.
The first, from Cliff Kupchan, chairman of the political risk and advisory firm Eurasia Group, postulates that "today's global structure is one of emerging bipolarity" between Beijing and Washington as the world enters its second such phase since 1945.
Two key criteria, Kupchan writes, are that the gap between the "senior" (U.S.) and "junior" (China) superpower is not too large and is becoming smaller, and that the gap between the junior superpower and "the rest" (Japan, India, others) is large and growing.
Stating statistics on GDP, defense spending, investment in research and development, and other economic metrics, Kupchan uses a data-driven analysis to show just how far — and fast — China has emerged as an economic superpower. But unlike the long twilight struggle between the U.S. and U.S.S.R., Kupchan believes that the Sino-American rivalry will be more mercantile than martial.
The new "Cool War," Kupchan said in an interview, will be "much more about economic competition and considerably less about military competition, proxy wars, and the chance of a great-power war."
In fact, Kupchan continued, "While they will be peer competitors, they have more in common, more shared interests, than the U.S. and Soviet Union did."
One reason may be because the rivalry isn't as ideological. Soviet superpower status was at least ostensibly in service of the global spread of communism. China, while still officially run by the Communist Party, is more about "becoming a, if not the, global economic powerhouse," Kupchan said, adding: "This is not an ideological struggle, which is another reason why it's less dangerous than the Cold War. It's a struggle in the economic sphere over supremacy in advanced technology and the terms of global trade."