Most of the conversation about how geopolitics is changing in the 21st century focuses on the shift from west to east and on how we're moving from the bipolar power equation of the Cold War to a new bipolar relationship, that of the U.S. and China, that determines the mood music for everyone else.

One of the most important political and economic facts of this young century is that capital has been slipping the traces of the nation-state. Business is global; government is national.

Companies and capital operate internationally, often beyond the economic reach of any particular nation-state. People are pretty global, too, living lives that freely cross national borders.

Chrystia Freeland Quotes