By Eric Vandenbroeck and co-workers
If the United States
can stay the consolidationist path, it could, a
decade or so down the road, find itself in a much-improved state of affairs. It
would have a thriving economy fueled by abundant, cheap energy, a strong
manufacturing base, and an AI sector second to none. It would have confident
allies fielding serious militaries that have fundamentally altered the balance
of power in the world’s major regions and have freed the country from the worst
aspects of the simultaneity problem. It would have a deeper arsenal of weapons,
backed by a reanimated American industry that is less reliant on its main rival
to develop lifesaving medicines, power the U.S. economy, or acquire the
materials to wage war. That the United States would have truly gained a second
wind as a great power, and be in a position to ensure its citizens and allies a
continuation of the safety and prosperity to which they have become accustomed,
well into the twenty-first century. The Other China Flash Point: Like
Taiwan, the South China Sea Could Spark a U.S.-China War.

The country’s new
defense strategy envisioned a dramatic shakeup. It prioritized the homeland and
repositioned forces that had patrolled distant frontiers for nearly a century.
It handed the task of securing farther-flung defensive perimeters to allies, many
of which appeared unprepared to take on the burden. Establishment experts were
appalled. Hawks warned that the new strategy would embolden adversaries and
advocated for the old approach of being strong everywhere at once.
The year was 1904,
and the country was the United Kingdom. It faced a dilemma broadly similar
to the one the United States now confronts. Its empire was the world’s
strongest power. Its navy had more warships than the next two largest navies
combined. But its strategic situation was deteriorating. Britain’s economic
primacy was beginning to slip as rising powers surpassed it in industrial
production. Imperial Germany was building a blue-water fleet. France and Russia
were mounting fresh challenges to British power in Africa and Asia. The United
States and Japan, new rivals, were pursuing dominance over their regions.
British leaders had a choice: they could keep trying to outgun all these
competitors or try something new.
UKToday.html The country’s top admiral, John
“Jacky” Fisher, opted for the latter course. He outlined a strategy to shore up
the British position that could be characterized as consolidation.
Consolidation is when a state focuses on its foremost interests while ramping
up national resources to increase the power at its disposal over time. This was
not retrenchment or acquiescence to national decline. Fisher decided that
instead of trying to maintain all of the British Empire’s far-flung naval
stations, he would prioritize the waters adjacent to the British Isles to deter
Germany, the United Kingdom’s top threat. To cover the gaps this created
elsewhere, he aimed to rely on regional allies, such as Japan and France, that
British diplomats were courting. By doing so, he hoped to buy time for the
United Kingdom to mobilize its powerful industries and stay ahead of its rivals
in leading technologies.

The strategy was
controversial. But it allowed the United Kingdom to achieve what the Prussian
military theorist Carl von Clausewitz called the “highest and simplest law of
strategy”: concentration. By focusing limited military resources on the main
theater, the United Kingdom alleviated the multifront pressure on its empire
and put itself on a stronger footing for the coming confrontation with imperial Germany.
The United States is
at a similar juncture today. For three and a half decades, it has maintained
peace and sustained influence in all the world’s major regions without
difficult tradeoffs. It continued to assume it can do so even as the country’s
relative economic strength decreased and rival military buildups eroded its
superiority. As a consequence, the United States now faces a serious
misalignment between its national power and the strategic objectives to which
it has become accustomed.
As the United Kingdom
did in Fisher’s time, the United States needs to embrace a strategy of
consolidation. The second Trump administration has taken significant steps in
this direction, undertaking ambitious domestic reforms to expand national power
with respect to China. The war launched with Iran in February could advance
consolidation if it remains narrowly scoped, but it could undermine the
strategy if it becomes protracted. Going forward, Washington must fully commit
to the consolidation blueprint; future administrations need to stay the course
to ensure the strategy bears fruit. That means not getting sucked into big wars
or lulled back into old policy habits that reinforce the U.S. strategic
predicament. If it focuses on consolidation, the United States has a historic
chance to regain its bearings as a great power and prevail in a sustained
competition with China, the most powerful adversary in U.S. history.

Spread Too Thin
American power is
overextended. The country’s commitments exceed the financial and military
resources at its disposal. This overextension - which is plainly visible to its
citizens, its allies, and its adversaries - resulted from shifts in the
international balance of power but also from past U.S. policy choices. The
collapse of the Soviet Union left the United States with no peer competitor.
Washington reacted by cutting defense spending while expanding its military
operations worldwide. After the 9/11 attacks in 2001, it launched large,
sustained deployments in Afghanistan and Iraq and military operations in more
than a dozen other countries.
The financial and
human costs of these wars are well documented. Less publicly appreciated is the
fact that the United States undertook 30 years of continuous expeditionary
warfare while allowing the structural foundations of its military power - its
defense industrial base, shipbuilding capacity, and nuclear capability - to
wither. Peripheral wars neither substantially increased the United States’
access to resources nor even, as their architects hoped, expanded the number of
U.S.-aligned democracies. Instead, they depleted U.S. strength in countless
ways, including by deferring military modernization, shrinking the Pentagon’s
arsenal, and driving long-term sovereign debt so high that it hobbled
Washington’s ability to invest in the country’s future.
Economic
overextension is another self-inflicted wound. U.S. military operations since
2001 added $8 trillion to the national debt. In that same period, entitlement
spending increased by over $2 trillion until, by 2024, it accounted for 51
percent of the federal budget. A string of government bailouts, including the
stimulus responses to the 2008-9 global financial crisis and the COVID-19
pandemic, added a further $7 trillion to the debt - a sum comparable to the
total amount that the United States spent during. Already, the United States
pays more to service its past borrowing than to fund its defense.
A final
self-inflicted wound is social in nature. The country’s breathtaking fiscal
expansion coincided with a deindustrialization that buoyed stock markets but
gutted working-class communities that, for generations, had depended on
well-paying manufacturing jobs. Between 2000 and 2015, more than 60,000 U.S.
factories closed and a third of the country’s manufacturing jobs were lost. In
Rust Belt communities, wages declined, unemployment rose, and, for middle-aged
men, life expectancies fell. Drug overdose deaths and suicides rose nationwide.
External factors have
also helped spread the United States too thin. As the country grew weaker, its
field of competitors was expanding. Thirty years ago, the United States faced
no peer adversaries. Today, it faces a full peer, China, and an emboldened Russia,
as well as threats from Iran, North Korea, and a bevy of nonstate actors.
China’s power has increased spectacularly. In 1991, its GDP was $2 trillion in
inflation-adjusted dollars. In 2024, it was $37 trillion, an increase of 1,500
percent. China has used its growing wealth to mount a historic military
buildup. Between 1991 and 2023, it expanded defense spending from $23 billion
(in today’s dollars) to more than $300 billion, a 1,300 percent increase. In
2024 alone, a single Chinese shipbuilder produced more ships than the United
States has built since 1945.
The three most recent
U.S. National Defense Strategies have made it clear that the U.S. military is
no longer postured or equipped to fight more than one major rival at a time.
Like the United Kingdom in the early twentieth century, the United States faces
the danger of a war on multiple fronts that would be beyond its immediate
ability to handle - what the Pentagon calls the “simultaneity” problem.
In sum, the United
States faces more numerous enemies and greater internal constraints than it did
either during the Cold War or in the post-Cold War period. It has a military
that, until recently, was principally configured for peripheral expeditionary
warfare rather than for conflict with a peer opponent, and debt overhangs that
preclude it from borrowing at the levels required for a major war. The gulf
between Washington’s means and the ends toward which it may soon need to apply
these means is only growing.

Recharging the Batteries
The goal of consolidation
is to narrow the gap between a state’s means and ends by systematically
increasing the former and limiting or redefining the latter. It revolves around
the idea that a great power can replenish its strength by confronting hard
decisions, with a view to improving its power position relative to where it
otherwise would have been. In practice, that means proactively accepting
strategic tradeoffs as a necessary evil in the short term while vigorously
renovating underlying structural factors - technology, alliances, industrial
production - to alleviate or even transcend those tradeoffs over the long haul.
Consolidation is not
the same as retrenchment. Both are responses to overstretch. But they differ in
the basic problem they aim to address and the end goal they attempt to achieve.
Retrenchment occurs when a great power believes that its core is so depleted
that no changes, however creative, will allow it to maintain its old position.
The great power’s goal is to give up what it holds as a way of reducing the
burden. By contrast, consolidation proceeds from the premise that a great
power’s core of strength remains viable but has been mismanaged in ways that
undercut its potential. Here, the great power’s goal is to preserve and
replenish what it has by reweighting its external obligations and mobilizing
its resource base.
Many of history’s
most successful consolidations were undertaken by great powers at their zenith
that needed a period of focused recuperation to gain a second wind. A classic
example is the Roman Empire during Hadrian’s reign. Immediately before he became
emperor in AD 117, Rome had embarked on wars that extended its power deeper
into eastern Europe, the Caucasus, and the Middle East. Although these
campaigns were militarily successful, they overextended the Roman army and
depleted the empire’s coffers. Hadrian consolidated by disgorging his
predecessor Trajan’s conquests and fortifying a defensible perimeter along the
Roman Empire’s natural borders: the Rhine, Danube, and Euphrates Rivers. He
negotiated a peace with Rome’s top adversary (the Parthian empire in
present-day Iran), delegated more to allies, and ramped up domestic economic
and administrative reforms. The result was a new golden age.
Nearer to the
present, U.S. President Richard Nixon embarked on a form of
consolidation in the late 1960s and early 1970s, when the United States was
war-weary but not in true decline. Nixon’s goal was to refocus Washington on
its main contest with the Soviet Union. Like Hadrian and Fisher, he pursued
détente with rivals and shifted security burdens to allies, such as by adopting
the Guam Doctrine, which held Asian partners responsible for their own
conventional defense. He paired these moves with an ambitious program of
economic reform, renegotiating trade relations with allies, expanding domestic
energy production, and investing in U.S. infrastructure and technological
innovation. This eased fiscal pressures, increased exports, and allowed the
United States to refocus its military expenditures.
Not all attempts at
consolidation succeed. In the fifteenth century, the Ming
dynasty attempted to consolidate Chinese power following a period of
expansion. It strengthened the Great Wall and
improved (EndColdWarP1.html) agriculture and infrastructure, but failed to
adequately reform governing institutions and shore up its defenses against the
Mongols and the Manchu, eventually leading it to succumb to outside pressure
and collapse. Between World War I and II, the British Empire attempted what on
paper looked like an inspired attempt at consolidation that included imperial
trade preferences (lowering tariffs within the empire and raising them for
everyone else) and political devolution. By that point, however, the burdens on
the empire were out of all proportion to its small resource base; the United
Kingdom failed to stave off a multifront war and eventually slipped from the
ranks of the great powers. In the late 1980s, the Soviet Union tried to
consolidate by cutting its losses in Afghanistan, using arms control to reduce
defense burdens, restructuring the economy, and opening up politically. But its
government was ultimately too ideologically rigid to make the reforms it needed
to save itself.
Certain basic
conditions need to exist for consolidation to succeed. First, a state must have
enough baseline power: the entire premise of consolidation is that undermobilized reservoirs of strength can be tapped with
wiser management. When no amount of mobilization can possibly match the scale
of external threats, retrenchment becomes inevitable. Second, a state has to
possess the will and focus to carry out a consolidation strategy. That requires
strong leaders who can force unpopular policies onto the agenda (and manage the
distraction of inevitable crises) and a political system able to sustain
long-term plans. Finally, consolidation takes time. It is a period of
intentional respite from costly foreign policy adventures and, above all, the
supremely taxing trial of great-power war. Both allies and enemies have a say
in the strategy’s success - allies, because they must consent to a revised
bargain that requires more from them, and enemies, because the consolidating
state needs a period of relative stability to rehabilitate its position.

A Fresh Start
The second Trump administration (TrumpTwo.html) has pursued key elements of
consolidation, as demonstrated both by its strategic documents and by most,
although not all, of its major policies. The 2025 National Security Strategy
explicitly identified the widening gap between the United States’ means and
ends—the starting point for any consolidation strategy - as the organizing
problem in U.S. statecraft. The NSS proposed a program of national
revitalization that rebalances the country’s external commitments and makes
generational domestic investments in core capabilities to increase U.S. power
relative to its main rival, China, over time.
Similarly, the 2026
National Defense Strategy marks a historic shift - and bears a striking
resemblance to Fisher’s 1904 approach. Like Fisher, Undersecretary of Defense
for Policy Elbridge Colby, the NDS’s chief architect, had the foresight to see
that his country was fundamentally unprepared to face a new main threat and the
courage to devise an original strategy that defied the political mainstream.
The NDS calls for a stronger focus on the Western Hemisphere and China, a
controlled reduction of U.S. efforts in Europe and the Middle East, and an
ambitious program for mobilizing U.S. military-industrial resources.
Both the NSS and the
NDS embrace a logic of tradeoffs. By shifting focus away from long-standing
policy priorities in Europe and the Middle East, they accept greater risks in
those theaters. By pressuring allies toward greater reciprocity in security and
trade, they accept a risk of friction in these relationships. By supporting a
degree of strategic cohabitation with major adversaries China and Russia, they
go against the establishment wisdom that both powers must be simultaneously
contained.

U.S. President Donald Trump, Fort Bragg, North
Carolina, February 2026
Even before it
released these strategy documents, the Trump administration began reducing the
day-to-day burden on U.S. power and replenishing the country’s core strengths.
It has sought to reduce legacy commitments in non-priority foreign theaters by
drawing down the U.S. troop presence in Syria and trimming military aid to
Ukraine. It reduced spending on foreign aid and international institutions and
increased resources for securing the U.S. borders, fighting drug trafficking,
and assisting friendly regimes in Latin and South America to stanch the spread
of Chinese and Russian influence there. Its efforts to bring Venezuela to heel
and pursue U.S. interests in Greenland both followed a consolidationist
logic, as have its attempts to reconfigure its relations with U.S. allies. It
successfully pressed European allies to endorse a five percent defense-spending
target in NATO; in early 2026, it outlined a strategic overhaul of the alliance
that would shift the conventional defense burden to European countries. In
tandem, it has used tariffs to negotiate new trade agreements with allies and
solicit domestic investment pledges that will boost U.S. reindustrialization;
these pledges total $5 trillion so far. Tariffs have brought in around $200
billion and, if they remain in place, could add an estimated $5.2 trillion to
the United States’ revenue over the next decade.
Like Nixon, Donald
Trump has sought détente with major rivals. With Russia, his administration has
pursued diplomacy aimed at ending the war in Ukraine and concurrent moves
(including oil-price diplomacy and closing energy sanction loopholes) to
pressure Russia toward an off-ramp. With China, it has used a combination of
pressure and sustained diplomacy to attempt to rebalance trade relations in the
United States’ favor without triggering a sudden deterioration that could lead
to major economic shocks or a military confrontation. Although the terms of a
new trade architecture with China are still being negotiated, the process of
pursuing one is consistent with the consolidationist
logic of seeking cohabitation with a major rival to buy time and get the pieces
in place (including expanded semiconductor production, reshored supply chains,
and deepened critical minerals capacity) for a stronger future position.
At home, the
administration has pursued rejuvenation by encouraging reinvestment in domestic
manufacturing. In addition to seeking lower tariffs on U.S. exports, it has
expanded tax credits for strategic industries, reduced onerous environmental
permitting frameworks for industrial projects, and funded high-tech investment
hubs. It has launched military procurement reforms that prioritize contracts
for innovative commercial startups and unveiled more long-term contracts to
accomplish sustained production of the most-needed weapons systems. It has
asked for a 50 percent increase in the defense budget and used executive orders
to press for greater investments in military production capacity.
The administration
has also sought to accelerate innovation in tech sectors that will determine
the outcome of the U.S. competition with China. Its artificial intelligence
strategy lightened regulatory constraints that hamper breakthroughs,
accelerated permitting for AI data centers, opened federal land for hyperscale
computing facilities, marshaled large private investments in AI facilities, and
began the process of expanding the power grid to secure abundant energy sources
for data centers the size of several city blocks.
Undergirding all
these moves is a coordinated effort to make fuller use of U.S. natural
resources. The Trump administration has rolled back regulatory restrictions on
the production and export of fossil fuels, opened federal lands and offshore
areas for exploration, and increased funding for uranium enrichment. In 2025,
U.S. production of crude oil hit record highs and its production of liquefied
natural gas surpassed the output of the next three largest producers combined.
It remains to be seen
how the Iran war will affect this strategy. If the United States can
expeditiously accomplish its main military objectives of destroying Iran’s
nuclear capabilities and degrading its ballistic missile arsenal and industrial
base, it will ease the simultaneity burden by effectively neutering the weakest
of the country’s three main adversaries. But already, the war has depleted the
U.S. military’s arsenal and its readiness for a war with China. A conflict that
stretches on for months or involves boots on the ground would undermine
consolidation by draining U.S. blood and treasure and prompting sustained
energy price hikes, higher inflation, subdued growth, and social blowback.
Earlier consolidation
strategies came to similar forks in the road. Hadrian faced a crisis in the
Levant that required the dispatch of several legions and could have become a
multifront problem. In Fisher’s time, the British faced crises in Asia, North Africa,
and the Balkans that could have derailed his plans for naval concentration. The
Nixon administration faced an escalatory spiral in Vietnam that could
have prevented it from reprioritizing Europe. In all these cases, leaders
managed the crises without allowing them to subvert the central logic of their
strategy. For the United States now, management will mean using any successes
in Iran to truly deprioritize the Middle East going forward.

No Pain, No Gain
Like all strategies,
consolidation comes with risks. Indeed, it requires a willingness to accept
obvious near-term risk for long-term gain. These risks fall into two main
categories. The first is that adversaries see the strategy’s underlying purpose
and accelerate their plans for aggression. China, in particular, could see a
window of opportunity and try to take Taiwan. Similarly, Russia might try to
exploit a reduction of U.S. efforts in Europe before allied burden shifting has
fully materialized. Both sets of risks increase the longer the Iran war goes
on.
Critics of the Trump
strategy on the hawkish right claim that prioritizing the Western Hemisphere
and China will undercut the U.S. military’s ability to thwart rivals in the
other theaters. Some call for the United States to quickly expand its armed
forces to a size that could handle two or more wars simultaneously (thus
returning to the old 2- or 2.5-war standard) while also recapitalizing the U.S.
nuclear arsenal. Although it is conceptually attractive, this remedy would
require immense additional public borrowing. And it does not account for how
the United States would meet its existing commitments during the many years
such a buildup would take to complete. Prioritization is a necessity, and it
must be tackled now, voluntarily and logically.
The second set of
risks concerns U.S. allies and partners who may fail to understand or be
persuaded by a consolidation strategy, perceive it as retrenchment or even
hostility, and respond in ways that hamper Washington’s ability to realize the
strategy’s benefits. Some critics on the left allege that by abandoning key
components of the so-called rules-based international order, the Trump
administration will prevent the United States from reaping the benefits of
global cooperation. They worry that allies may conclude that Washington is
forfeiting its role as a reliable security provider and will seek closer
relationships with Beijing and Moscow.

A U.S.-South Korean joint military exercise, Yeoncheon, South Korea, March 2026
Like the hawks, however,
these critics tend to exaggerate the status quo's solvency and sustainability.
They treat “order” as something intrinsically valuable and an end in itself,
even though elements of that very order - lopsided trade agreements, mass
migration, and transnational protocols that left China largely unconstrained - have
eroded U.S. power. Although states indeed tend to realign when old structures
no longer serve their interests, current geopolitical realities will likely
prevent a foundational realignment. In many places, including in the
Indo-Pacific, U.S. partners lack an alternative anchor for regional security.
And the NATO countries’ reliance on U.S. defense technology and
planning ensures a degree of dependence that cannot be undone by speeches
advocating greater European sovereignty. Even the EU, for all its trading
might, faces real limits on how much it can strengthen its strategic ties with
China. Europe’s large, inward-turning domestic market cannot absorb the goods
of a fellow exporter - and vice versa. If anything, the onset of a new economic
shock from China’s burgeoning overcapacity may drive the EU closer to the
United States.
Still, alliances
matter, and Washington cannot rely on blind structural forces to hold them
together. Getting optimal performance out of allies is essential to successful
consolidation. Trump’s hard bargaining with allies - which alarmed so many
establishment observers - was essential to get them to do things they otherwise
would not have done. Now his administration must pull them closer. One way to
do that is by revamping NATO along the lines Colby proposed in a February
speech in Brussels: in such an arrangement, European allies would revert to
focusing on territorial defense in exchange for U.S. strategic and nuclear
backstopping, a concept broadly similar to Nixon’s Guam Doctrine. There as well
as in Asia, the aim could be to integrate U.S. and allied defense industrial
bases to acquire the capability to surge production for vital munitions.
The best way to keep
allies on side is to explain to them frequently, coherently, and persuasively
why the United States is making changes and how those changes will be in their
interests, too. That is exactly what the Trump administration has started to
do. Colby laid out the material case in February. A few days later, Secretary
of State Marco Rubio laid out the civilizational case at the Munich
Security Conference by arguing that a “renewal” of U.S. power is a prerequisite
to the defense of the West. Sustaining these messages, while working
pragmatically to help partners implement their planned defense buildups, will
mitigate the inevitable friction that comes with prioritization.

Back On Solid Ground
Trump has taken
important steps to set the United States on a path to consolidation. Some of
the very qualities that have most alarmed his critics - his conceptual
heterodoxy and the speed with which he changes policies - have been crucial to
jar the U.S. system, as well as U.S. allies, into a mindset of urgency. The
United States now needs to stay the course by keeping its frontiers as stable
as possible and wisely using the time that consolidation buys to strengthen the
U.S. power base. Most importantly, it must not allow the war in Iran to become
a morass. Even a small regional war, if it becomes protracted, could derail
consolidation.
Washington must also
wield diplomacy to the fullest extent possible to sustain and, within certain
limits, widen the détentes Trump is trying to build with Russia and China.
Détente does not signal weakness any more than Hadrian’s
peace with the Parthians did; the goal is to constrain rivals from pursuing
their optimal strategies while freeing the United States to pursue its optimal
strategy.
With Russia,
Washington should continue its current dual track of diplomacy and pressure.
Its aim should be to end the war with an intact Ukrainian glacis, just beyond
the formal U.S. security perimeter, that is strong enough to impede Russia’s
expansion and (together with NATO’s rearmament) deflect Russia’s attention to
its eastern territories, where China is making deep inroads.
It should continue to
spurn Russia’s push for a new, comprehensive security settlement in Europe,
which would only have the effect of drawing Moscow’s energies westward. But it
should encourage new initiatives in arms control. Because of the Ukraine war,
Russia will need to redirect spending from its nuclear arsenal toward
rebuilding its conventional forces. This presents an opportunity to revise old
arms frameworks, minted when the United States had only one major rival, to
account for the need to deter China.
With China, the
United States should likewise strive to constrain the frame of competition. It
should continue to emphasize deterrence by denial instead of primacy as the
goal of U.S. power in Asia. It should engage Beijing primarily on trade, to
reach a new geoeconomic détente that stops short of full decoupling while
erecting restrictions in high-tech areas to protect key competitive advantages.
As the commercial
plank develops, Washington should be willing to explore a security component
to U.S.-Chinese relations. The United States and China need to have deeper
discussions about the strategic implications of emerging space and cyber technologies,
for example, which harbor rapid escalatory potential. The Trump administration
is also right to emphasize the development of new crisis-management mechanisms
to ensure that small incidents and accidents do not spiral into unintended
conflict.
Washington must pair
its diplomatic outreach to rivals with a comprehensive effort to convert its
alliances into more mature and well-integrated structures. The proximate goal
should be to develop alliances that can reduce the United States’ simultaneity
burden by making substantially bigger contributions to conventional security in
their respective regions. That will mean that future U.S. administrations will
have to pressure allies not only to fulfill their laudable pledges to increase
defense spending but to accomplish what this money is meant for - improved
readiness, deeper magazines, and greater warfighting prowess.
Beyond that, the
United States should want to get its alliances to a point where allies not only
defend themselves more effectively but also actively augment the U.S. power
base. It should want allies that provide market access to support U.S.
reindustrialization while continuing to support the dollar as the premier
reserve currency, whose defense industries are aligned with U.S. industries in
integrated structures, and whose tech regulations boost rather than hamper U.S.
innovation in fields such as AI. Getting to this outcome will take time and
require a revised grand bargain with allies that codifies reciprocity across
the board in both security and trade so that reciprocity is not just a
transient byproduct of tariff threats but part of the foundation of the
relationship.
The hardest challenge
will be internal. The quickest way for the United States to derail
consolidation would be to lurch back toward the habits that led to
overextension - fixating on achieving defense primacy worldwide, going back to
nonreciprocal trade deals, latching back onto transnational causes that are
detached from the U.S. national interest, pursuing nation building and
democracy promotion with missionary zeal, or reverting to economic policies
that accelerate the hollowing out of the American heartland. The United States
has big built-in advantages over its rivals, and it has much deeper reservoirs
of strength than either Rome or the United Kingdom did in their prime. But its
debt has become an albatross. Eventually, there is no getting around the fact
that the United States must confront hard tradeoffs in spending. That is
difficult to envision in the current polarized setting. But a good starting
point would be to develop a consensus on consolidation as a strategy and its
corollaries of rebalancing commitments abroad and rejuvenation at home.
Ultimately, the optimal way out of the debt problem is stronger economic
growth, which can only be achieved by consolidation’s self-fortifying mix of
deregulation, focused investment, and increased energy production.
If the United States
can stay the consolidationist path, it could, a
decade or so down the road, find itself in a much-improved state of affairs. It
would have a thriving economy fueled by abundantly cheap energy, a strong
manufacturing base, and an AI sector second to none. It would have confident
allies fielding serious militaries that have fundamentally altered the balance
of power in the world’s major regions and have freed the country from the worst
aspects of the simultaneity problem. It would have a deeper arsenal of weapons,
backed by a reanimated American industry that is less reliant on its main rival
to develop lifesaving medicines, power the U.S. economy, or acquire the
materials to wage war. That the United States would have truly gained a second
wind as a great power, and be in a position to ensure its citizens and allies a
continuation of the safety and prosperity to which they have become accustomed,
well into the twenty-first century.
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