In a world of increasing weaponized interdependence, exactly to where does the power shift? Is it to the big nations, to the nasty nations, to countries willing to move first or unions? What's your general take on who is gaining in status and influence? A very, very good question. So I would say that what we're seeing at the moment is a transition from a world of one big nation - the United States -- to a group of nations including China, European Union, India perhaps. And also Russia, with Russia playing less as a significant power that is able to exert much influence than as a spoiler trying to figure out ways to screw things up for everybody else.

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