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The War Economy
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The War Economy

Sizing Up the New Axis

Noah Smith
Noah Smith, 2022
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Editorial Rating

9

Qualities

  • Analytical
  • Eye Opening
  • Hot Topic

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The new great power conflict brings together military might and manufacturing capabilities. Economics blogger Noah Smith posits that today’s “Allies” – the United States, United Kingdom, European Union and Japan – will vie with a rising new “Axis” of Russia and China for geopolitical supremacy. He notes the similarities between current events and those of the 20th century’s Cold War, but he focuses on the greater political and economic implications that emerge in a globalized market in which economic self-sufficiency is much harder to achieve. 

Take-Aways

  • Fractious present-day geopolitics are giving rise to a “New Axis” and “New Allies.”
  • Certain critical features define the strengths and weaknesses of the opposing alliances.
  • The New Axis and the New Allies are economically intertwined.

About the Author

Noah Smith is an economics blogger at Noahpinion. 

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