In the latest issue of Foreign Affairs, two luminaries of the U.S. foreign policy establishment make a provocative, seductive but ultimately unpersuasive case for creating a new “global concert of major powers” for the 21st century, modeled on the Concert of Europe. The authors are Richard Haass and Charles Kupchan—my …

The United States is “back,” proclaims U.S. President Joe Biden, seemingly as often as he can. The coming week will show if the same is true of the West. At successive summits of the G-7, NATO and the European Union, Biden and fellow leaders will confront a dual task: reviving …

The global response to the COVID-19 pandemic has generated an unprecedented level of spending, with more than $21 trillion committed to fighting the coronavirus so far, much of it falling under emergency measures that bypass bureaucratic hurdles and expedite the flow of funds. The speed and scale of this spending …