Everyone keeps asking: “Who replaces America?” Wrong question. The global system isn’t built like a throne waiting for the next king. It’s built on infrastructure: • The dollar as the default trade currency • Deep financial markets • Military alliances and security guarantees • Global trust (even if it’s fragile) That’s not something you just “replace.” Because taking that role means: Absorbing global shocks. Stabilising crises. Backing trade when things break. Providing security others rely on. That’s not power. That’s responsibility at scale. And here’s the reality: China doesn’t fully open its system. Russia isn’t trusted globally. The EU isn’t unified enough. So what happens? Not a clean takeover… A slow fragmentation. More regional power. More competing systems. More instability between blocs. Less one leader… more multiple centres of influence. This isn’t the end of the system. It’s a shift from one dominant force → to a divided world. And historically… That’s...