1.0VDH’s Blade of Perseushttps://victorhanson.comVDH’s Blade of Perseushttps://victorhanson.com/author/vhadmin/rich600338<blockquote class="wp-embedded-content" data-secret="UMDhFkHkel"><a href="https://victorhanson.com/strategika-issue-55-the-structure-of-world-power/">Strategika Issue 55: The Structure of World Power</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://victorhanson.com/strategika-issue-55-the-structure-of-world-power/embed/#?secret=UMDhFkHkel" width="600" height="338" title="“Strategika Issue 55: The Structure of World Power” — VDH’s Blade of Perseus" data-secret="UMDhFkHkel" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); </script> https://victorhanson.com/wp-content/uploads/2021/08/Hanson-Logo-1.png595200The Structure of the Contemporary International System Please read a new essay by my colleague, Joseph Joffe in Strategika. A monopoly obtains when one firm is free to set prices and output while keeping ambitious newcomers out of the market. The best example is Standard Oil in the late 19th century. Ruthlessly undercutting competitors, the […]