The geopolitics of infrastructure
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PARIS—For most of the postwar era, global power was defined by alliances, aircraft carriers, and reserve currencies. But we are now entering an era defined by critical infrastructure and those who finance, build, and operate it. Ports, power grids, rail corridors, data centers, and critical-mineral supply chains are no longer just “projects.” They are the operating system of sovereignty. Infrastructure—networks that move energy, goods, and data—is the industry of industries. Whoever shapes it th
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