Featuring Ilias Alami and Tim Sahay on a global conjuncture defined by Washington's shredding of the liberal international order’s legitimacy amid a panic over decline: the escalating Cold War with China; Gaza genocide; Trump’s tariff wars and militarism, and his pivot toward Putin on Ukraine; European defense buildup and fiscal revolution; what this all means for the poor majority of the Global South, and more. Part one of a two-part series.Support The Dig at Patreon.com/TheDigSubscribe to The Polycrisis newsletter phenomenalworld.org/series/the-polycrisisDownload a free copy of The Spectre of State Capitalism by Ilias Alami and Adam Dixon academic.oup.com/book/57552 Transnational Institute reports:The New Frontline: The US-China Battle for Control of Global Networks tni.org/en/article/the-new-frontlineGeopolitics of Capitalism: State of Power 2025 tni.org/en/publication/geopolitics-of-capitalismBuy Perfect Victims and the Politics of Appeal at Haymarketbooks.com Buy Nuclear Is Not The Solution at Versobooks.com