Is this the end of the world as we know it? Is that a good thing or a bad thing? Will it eventually lead, as it did at least once before, to a more hopeful moment?
I can’t claim to have answers. But our Summer 2026 issue has plenty of food for thought. We’ve put together a collection of 10 essays that explore trends, ideas, and geopolitical cornerstones that are falling apart—slowly yet seemingly all at once.
Joshua Leifer examines how the once unshakeable U.S.-Israel alliance has “entered a period of terminal decline.” Nathalie Tocci goes a step further, arguing that the relationship between the United States and Europe—the bedrock of a liberal international order—is gone. It won’t come back, Tocci says, no matter who takes U.S. President Donald Trump’s place in a few years. James Traub has long covered the United Nations and tells the story of that visibly shrunken global body, a fall accelerated by Washington and its changing priorities.
What will the world look like without these partnerships and organizations? Much will depend on how countries navigate the moment. Anton Jäger points out the declining role of political parties, which he sees as “increasingly anachronistic,” as one thing to keep an eye on. Parties and publics will need to reckon with where things went wrong, including with neoliberalism, Branko Milanovic writes. Young voters around the world will no doubt ask why they have been left to navigate a climate disaster, a scenario that Leah Aronowsky grapples with as she looks at how Westerns elites failed to come up with a plan to deal with civilization’s greatest threat. The problem might be systemic: Collective action is tougher to come by given that international law is weaker than it has been in decades, according to Rosa Brooks, who calls this trend not just a moral loss but a “structural catastrophe.” Just consider how the right to asylum now feels like an artifact of a bygone era, as Linda Kinstler argues.
Some of the old engines of the global economy are petering out. China’s record double-digit growth rates, which powered a commodities boom around the world, are gone forever, FP’s James Palmer forecasts. But can we even predict the future anymore? Jonathan White isn’t so sure, pointing to how people now seem trapped in a sense of fatalism instead of optimism.
You’ll find more questions than answers in this package. Even so, if we hope for a new and better world, I feel we must engage fully with such provocations.
Lots more in this issue, as always, including a timely essay by Hal Brands exploring how the Iran war has left the United States overstretched—and an easier target for China. Bracing reads all around, I know, but I hope you’ll enjoy this issue all the same. And for those in the Northern Hemisphere, with a dose of sunshine alongside it.
As ever,
Ravi Agrawal, editor in chief
